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"Pay is determined chiefly by supply and demand in the labor market. Jobs that are more fun pay less because the supply of workers is higher. Fairness is litera
by bsanr 8y ago
"Pay is determined chiefly by supply and demand in the labor market. Jobs that are more fun pay less because the supply of workers is higher. Fairness is literally not part of this equation."
I think the implication is that society and technology have advanced to the point where, ostensibly, work that can't be automated away should be work that would demand a living wage. If it's tenable for my job to still exist, it's tenable for it to pay me enough to live. If it doesn't... well, that would be less a function of higher level characterizations of the economy or any individual job and more a function of the basic availability of food and housing, anyway. If there isn't enough food and housing, people start dying, but since there does seem to be enough of those, what is happening?
I work retail full-time. It's definitely not "fun," and I definitely can't afford to carry my own weight; I have to rely on family to make ends meet, and I know people who rely on welfare. In regards to the time and opportunity cost of working that job in relation to compensation, it is unfair (imbalanced), but the situation emerges from a context defined by labor's complete lack of leverage, juxtaposed with the, perhaps, overcompensation of the people who support us, encompassed by our mutual desire for society to not collapse.
I think it's funny that you mention $50/hr for delivering papers as if we should be aghast at the mere thought. If it's a job that needs to be done to secure the solvency of the overall business, and that's what it costs to live in the area where whoever holds that job must live, then... that's the going rate. If someone can live on less, they get the job and are paid less. If the business can't afford to pay a full time wage for a full-time paperboy (or a commensurate wage for a part-time one), maybe we don't need or can't afford paperboys. But as a society, at some point it would be prudent to look around and see whether the way people are living is sustainable, or if, say, the inopportune removal of a welfare or familial wealth Jenga brick would cause the entire tower to collapse into, like, tent cities or whatever.
- kansface 8y ago> I think it's funny that you mention $50/hr for delivering papers as if we should be aghast at the mere thought. $50/hr for delivering papers would most likely cause the prompt and total collapse of the local economy. If you think otherwise, why stop at merely $50/hour? I'm only aghast that the proposed cure is actually much worse than the disease! > But as a society, at some point it would be prudent to look around and see whether the way people are living is sustainable, or if, say, the inopportune removal of a welfare or familial wealth Jenga brick would cause the entire tower to collapse into, like, tent cities or whatever. I agree wholeheartedly, but I'd guess we probably disagree on the remedy. I'd defer to the market which would of course require a free market to exist in the first place for things like housing.
- TheOtherHobbes 8y agoSo it's okay for banks and large corporations to collapse the national economy, but not for paperboys to collapse the local economy? Can you expand further on the logical basis for that belief?
- wild_preference 8y agoWhat's the "logical basis" for concluding that they think it's good for anyone to collapse economies? I don't think this weak "gotcha" rhetoric is conducive to good discussion. You're trying to disarm their point by putting words in their mouth. And you're taking it off topic. For example, since you only mention banks and large corporations, can we assume you're okay with every other possible way economies can be collapsed? No, that would have no "logical basis."
- bsanr 8y ago>$50/hr for delivering papers would most likely cause the prompt and total collapse of the local economy. I imagine it would merely cause the prompt and total collapse of the paperboy position, until efficiencies were created to support it (e.x., there's only one paperboy for n square miles, they oversee a swarm of paper-delivering drones, and the number of papers they deliver justifies a $50/hr salary); people simply decided that physical paper delivery wasn't worth the cost; or they decided that it was worth it, and had their pay and expenses adjusted commensurately. >I'm only aghast that the proposed cure is actually much worse than the disease! I'm not sure you've proven that. >I agree wholeheartedly, but I'd guess we probably disagree on the remedy. I'd defer to the market which would of course require a free market to exist in the first place for things like housing. The laissez-faire approach to market management is what "innovated" tent cities into existence in the first place, man.