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That's the point. People deserve to be paid what they agree to be paid. The value of money relative to a product or service is subjective. If Bob agrees to mow

That's the point. People deserve to be paid what they agree to be paid. The value of money relative to a product or service is subjective. If Bob agrees to mow a lawn for $10, Joe doesn't have the right to object and demand that Bob be paid $20. That's immoral and not how markets should work.

colejohnson66 6y ago
So minimum wage shouldn’t be a thing? The problem with this thinking is that some people are desperate and don’t think about the choices they make. And without minimum wage, for example, companies would do a race to the bottom and people worse off would have to accept it. And Joe absolutely does have the right to object to it. If I see someone paying someone a $1 to mow a lawn, I can say they deserve more.
- tasuki 6y ago
  I'm all for minimum wage, but also this is a problem: > some people are desperate and don’t think about the choices they make Some people can't choose because they're in a desperate situation. And some people are in a desperate situation because they made many wrong choices. It's not easy to distinguish between the two. And it's certainly non-binary, but rather a spectrum. I think there can be a large difference between the two extremes of the spectrum.
coldcode 6y ago
In a true market the pay for a worker with no special skills will trend towards 0. Uber drivers cannot decide what to charge, Uber does. How much an Uber driver makes is entirely up to Uber, and Uber is losing money on every ride so in the long run they have to either increase the price or pay the driver less. My (large) employer pays for my health insurance in the US which has to be added to what we charge. Uber has to pay nothing for any benefits and can cut the wages to just barely enough to not die. From an economic standpoint Uber should go out of business but it does not since it is getting almost free labor and just raises money to make a profit. I see no way this is a market that makes any sense.
- randompwd 6y ago
  > Uber has to pay nothing for any benefits and can cut the wages to just barely enough to not die. Subversively slipping in the term 'wages' is not arguing in good faith.
- mike00632 6y ago
  It would make sense if Uber limited the hours employees could work. Make all of these stories about happy part time workers 100% the case. Or if some drivers work full time then pay for their benefits, let Uber lose more money per ride because that doesn't seem to matter.

colejohnson66 6y ago

So minimum wage shouldn’t be a thing? The problem with this thinking is that some people are desperate and don’t think about the choices they make. And without minimum wage, for example, companies would do a race to the bottom and people worse off would have to accept it. And Joe absolutely does have the right to object to it. If I see someone paying someone a $1 to mow a lawn, I can say they deserve more.

tasuki 6y ago
I'm all for minimum wage, but also this is a problem: > some people are desperate and don’t think about the choices they make Some people can't choose because they're in a desperate situation. And some people are in a desperate situation because they made many wrong choices. It's not easy to distinguish between the two. And it's certainly non-binary, but rather a spectrum. I think there can be a large difference between the two extremes of the spectrum.

coldcode 6y ago

In a true market the pay for a worker with no special skills will trend towards 0. Uber drivers cannot decide what to charge, Uber does. How much an Uber driver makes is entirely up to Uber, and Uber is losing money on every ride so in the long run they have to either increase the price or pay the driver less. My (large) employer pays for my health insurance in the US which has to be added to what we charge. Uber has to pay nothing for any benefits and can cut the wages to just barely enough to not die. From an economic standpoint Uber should go out of business but it does not since it is getting almost free labor and just raises money to make a profit. I see no way this is a market that makes any sense.

randompwd 6y ago
> Uber has to pay nothing for any benefits and can cut the wages to just barely enough to not die. Subversively slipping in the term 'wages' is not arguing in good faith.
mike00632 6y ago
It would make sense if Uber limited the hours employees could work. Make all of these stories about happy part time workers 100% the case. Or if some drivers work full time then pay for their benefits, let Uber lose more money per ride because that doesn't seem to matter.