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Pay doesn’t come from value. In fact markets work very hard to destroy any surplus value above costs. It’s kind of their main feature, find a cheaper way to pro
by CuriousSkeptic 8y ago
Pay doesn’t come from value. In fact markets work very hard to destroy any surplus value above costs. It’s kind of their main feature, find a cheaper way to provide the same value and _lower the price_.
Economics only focuses on balancing limited resources between competing interests and has generally nothing useful to say wrt actual value.