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You mean labor is directed towards actions that produce more value than simply the labor put into them. Odd, its like you think that's a bad thing.
by viro 6y ago
You mean labor is directed towards actions that produce more value than simply the labor put into them. Odd, its like you think that's a bad thing.
- anoncake 6y agoThat is literally the opposite of what I wrote.
- marcus_holmes 6y agoI think this comes down to whether you agree that money == value, and that value == utility (i.e. that people will pay for things that they find useful)
- jascii 6y agoThat statement only holds if you only define "value" as financial gain. I would consider that a dangerous simplification.
- aidenn0 6y agoSince much of monetary value is related to scarcity, labor is directed to reduce scarcity, not to actions that produce social value. The pool of people who are capable of collecting garbage is non-scarce, so the price for labor is relatively small compared to the social value it produces. Advertising is so well rewarded because the attention of consumers is a very scarce resource, so companies put massive amounts of money into capturing some of that.