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it just means that you produce something that is judged by buyers (employers) to have a higher positive impact on their well-being My partner is a nurse, she g
by sorokod 8y ago
it just means that you produce something that is judged by buyers (employers) to have a higher positive impact on their well-being
My partner is a nurse, she gets payed peanuts while daily ensuring that people don't die. Literally.
What judgment exactly is exercised to have life saving jobs be payed order of magnitude less than "plumbing" jobs? The argument of "higher positive impact on their well-being" is laughably naive.
- golergka 8y agoSupply.
- sorokod 8y agoYou are wrong - the supply of corporate software developers outstrips the supply if qualified nurses - in London at least.
- golergka 8y agoThen it smells like an ineffective market, compared to software development. Let me guess, which one has more red tape, regulation and government involvement?
- sorokod 8y agoIt's always those pesky free market saboteurs isn't it? Consider this - it takes years of formal training to produce a qualified medical professional and pretty much nothing to produce a software developer.
- pkaye 8y agoDoesn't the government set the rates for nurses in the UK? Also you need to compare the supply to the demand. Perhaps more software developers are needed than nurses.
- yadaeno 8y agoThe utility of the software engineer scales with the number of people using software vs the number of patients for the nurse. If the software engineer is able to provide more utility, this roughly translates to more demand which means higher salary which means higher supply
- natalyarostova 8y agoYour question here was one of the biggest open questions in political economy (now just economics) in the early 20th century. It motivates the modern foundation of the field, and earned itself the moniker the marginal revolution https://en.m.wikipedia.org/wiki/Marginal_Revolution https://en.m.wikipedia.org/wiki/Marginal_Revolution It resulted in an explosion of theoretical and empirical literature in microeconomics, and in many ways creates the field we know today.