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What's this collusion you speak of? Not saying it doesn't exist (and true, prosecutable collusion has happened in the tech industry), just wondering exctly what

by pw 10y ago

What's this collusion you speak of? Not saying it doesn't exist (and true, prosecutable collusion has happened in the tech industry), just wondering exctly what you're referring to.

devoply 10y ago
There is implicit collusion that is taught in management schools and generally accepted as a norm to value labor against living cost, rather than the value that labor generates in the market. Therefore companies are not willing to pay much more than living cost for workers, other than some superstar sociopath who has been able to get the company by the throat and justify say 1/2 million for his position because he's irreplaceable.
- inimino 10y ago
  All you need to pay is the lowest salary that one person currently in the labor market will accept. This is closely related to living expenses for obvious reasons. No collusion required.
  - devoply 10y ago
    Yes that's how a market starts but if it continue that's no longer true, and also the cost of living goes up by how much money people are paid via the housing banking mechanism in which the banks capture that extra value that the companies pay out. The board is set up put money in the pockets of those who already have it. Not to make anyone wealthy. The real estate banking system is one such money sink, probably the greatest one.
- rubyn00bie 10y ago
  While I agree with your sentiments, something is a bit off here with the reality of the specifics you're stating. > There is implicit collusion that is taught in management schools and generally accepted as a norm to value labor against living cost, rather than the value that labor generates in the market. This isn't implicit collusion of a business education. This is a result of the brand of capitalism, and inefficient markets, we have allowing for the manipulation of labor prices. > Therefore companies are not willing to pay much more than living cost for workers, other than some superstar sociopath who has been able to get the company by the throat and justify say 1/2 million for his position because he's irreplaceable. They are in fact taught that EVERYONE is replaceable even them.
- wruza 10y ago
  If you share profits, be ready to share risks. Buy a share, who forbids?

by pw 10y ago

What's this collusion you speak of? Not saying it doesn't exist (and true, prosecutable collusion has happened in the tech industry), just wondering exctly what you're referring to.

devoply 10y ago

There is implicit collusion that is taught in management schools and generally accepted as a norm to value labor against living cost, rather than the value that labor generates in the market. Therefore companies are not willing to pay much more than living cost for workers, other than some superstar sociopath who has been able to get the company by the throat and justify say 1/2 million for his position because he's irreplaceable.

inimino 10y ago
All you need to pay is the lowest salary that one person currently in the labor market will accept. This is closely related to living expenses for obvious reasons. No collusion required.
- devoply 10y ago
  Yes that's how a market starts but if it continue that's no longer true, and also the cost of living goes up by how much money people are paid via the housing banking mechanism in which the banks capture that extra value that the companies pay out. The board is set up put money in the pockets of those who already have it. Not to make anyone wealthy. The real estate banking system is one such money sink, probably the greatest one.
rubyn00bie 10y ago
While I agree with your sentiments, something is a bit off here with the reality of the specifics you're stating. > There is implicit collusion that is taught in management schools and generally accepted as a norm to value labor against living cost, rather than the value that labor generates in the market. This isn't implicit collusion of a business education. This is a result of the brand of capitalism, and inefficient markets, we have allowing for the manipulation of labor prices. > Therefore companies are not willing to pay much more than living cost for workers, other than some superstar sociopath who has been able to get the company by the throat and justify say 1/2 million for his position because he's irreplaceable. They are in fact taught that EVERYONE is replaceable even them.
wruza 10y ago
If you share profits, be ready to share risks. Buy a share, who forbids?