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Salaries are a proxy for value, but how we measure that value in a capitalist society, is most certainly driven by supply and demand. We should be careful not
by pcmaffey 9y ago
Salaries are a proxy for value, but how we measure that value in a capitalist society, is most certainly driven by supply and demand. We should be careful not to project the inadequacies of the measuring device onto what's being measured.
- taway_1212 9y agoSalary cannot exceed the value provided, but otherwise it often does not reflect value. Take for example cleaners, without whom no company could exist (i.e. they provide a lot of value), and yet, because of s&d, they're paid minimum wage.
- pcmaffey 9y ago> Salary cannot exceed the value provided CEO's of fortune 500, investment bankers, etc...