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> I wouldn't be surprised if wages do trend towards the average productivity of labours, but again, that would be far higher than barely surviving The cost of
by ianleeclark 6y ago
> I wouldn't be surprised if wages do trend towards the average productivity of labours, but again, that would be far higher than barely surviving
The cost of reproduction of labor is more than base subsistence, it's things like base subsistence, cleaning your house, child rearing, and so on.
> at least today in countries with access to productivity boosting technology.
Wages, in the US, largely don't track to productivity gains. For other countries, I wouldn't be too surprised to see similar statistics, but modified according to labor rights, culture around unions, etc etc.
> So as long as that's true, people on average won't accept being paid the equivalent of a bag of rice a day if you could always go out and produce several on your own.
You have to have land to grow rice. This, like yours, is a simplification, but it largely abstracts to the present situation. You can always drive for Uber, but you need a car to drive.