3 ms·

<- Employers would experience some frustration with the flakiness of non-desperate personnel, and would be willing to pay at least something of a premium for la

by greedo 7y ago

<- Employers would experience some frustration with the flakiness of non-desperate personnel, and would be willing to pay at least something of a premium for labour that sticks around.> That labor cost premium would have to be reflected in higher prices. I'm not paying a premium for marginal items. That's the whole definition of premium... <- Poor people who used to work themselves to the bone just surviving (eg, Stephanie Land) actually have the time to take training programs and ready themselves for higher-value work.> Not everyone is cut out for higher-value work, and the amount of higher-value work is also limited. Rembember Carlin's Axiom [1] The reason these jobs don't pay very much isn't just because there's a large pool of people willing to take them. In fact, many menial job positions have a hard time being staffed because the labor pool is not big. The reason they pay poorly is because they have low economic value. They add little marginal value to a product or service. For example, if I want a hamburger, I can cook one at home for approximately $1.50. A nice bun, 1/4lb of fresh meat, some condiments. If I get a Quarter Pounder from McDonalds, it's around $4. So I normally only buy one for convenience; when I'm too far from home, or too tired to cook. Now if that ends up $8, then I'll cook one at home every time I want one. [1]George Carlin — 'Think of how stupid the average person is, and realize half of them are stupider than that.'

mikepurvis 7y ago
> I'm not paying a premium for marginal items. Conflict diamonds and non fair trade coffee are also cheaper than what replaced them. Obviously these kinds of ethical externalities exist on a scale, but the point is that it's more complicated than just arbitrarily declaring an item or class of labour as "marginal" and moving on. > Not everyone is cut out for higher-value work... The snide value judgment aside, lots of artists/writers/musicians/etc begrudgingly participate in the "low value labour" market as a means of staying afloat while they pursue their real passion on the side. Isn't all of this just a further argument for taking on as a society the obligation to meet people's basic needs? Do we really need to hold people's livelihoods hostage just so that upper middle class software professionals can still get a $4 hamburger whenever they want it?
- vorpalhex 7y ago
  It's not the middle class that needs the $4 hamburger. They're going to get overpriced cocktails and three course meal deals at a sit down experience. And yes quite a few people want to be artists or musicians and can't. They should be able to try but also at some point we need a mechanism for them to realize they may need to try a different career path if it's not working out and they aren't creating value. With UBI, you're just making a subset of the population pay for everyone else. Sometimes that tradeoff makes sense - food stamps - but when you end up just increasing inflation and hurting those who it's meant to benefit then it seems like tail chasing.

by greedo 7y ago

mikepurvis 7y ago

> I'm not paying a premium for marginal items. Conflict diamonds and non fair trade coffee are also cheaper than what replaced them. Obviously these kinds of ethical externalities exist on a scale, but the point is that it's more complicated than just arbitrarily declaring an item or class of labour as "marginal" and moving on. > Not everyone is cut out for higher-value work... The snide value judgment aside, lots of artists/writers/musicians/etc begrudgingly participate in the "low value labour" market as a means of staying afloat while they pursue their real passion on the side. Isn't all of this just a further argument for taking on as a society the obligation to meet people's basic needs? Do we really need to hold people's livelihoods hostage just so that upper middle class software professionals can still get a $4 hamburger whenever they want it?

vorpalhex 7y ago
It's not the middle class that needs the $4 hamburger. They're going to get overpriced cocktails and three course meal deals at a sit down experience. And yes quite a few people want to be artists or musicians and can't. They should be able to try but also at some point we need a mechanism for them to realize they may need to try a different career path if it's not working out and they aren't creating value. With UBI, you're just making a subset of the population pay for everyone else. Sometimes that tradeoff makes sense - food stamps - but when you end up just increasing inflation and hurting those who it's meant to benefit then it seems like tail chasing.