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Lets separate two things, what is fair payment on the one hand and on the other hand how this might be achieved. For the first question I already stated my posi

Lets separate two things, what is fair payment on the one hand and on the other hand how this might be achieved. For the first question I already stated my position, I think it is unfair to have the supply and demand situation heavily affect your wage, especially if an oversupply of workers is used to lower wages for hard or unpleasant jobs. For the second question I will admit that my initial comment sounds like it is an easy thing to do but you are right that I can not provide some policies that if implemented would yield my desired outcome. But you should also not take my comment to literally, I do not want a better wage for the janitors at Facebook but for menial work in general. So as a first step at least have a minimum wage that ensures that you are not living at the verge of poverty if you work full time. That is certainly a far cry from achieving what my initial comment asked for but it is better than nothing and as I said, I unfortunately do not know how to get there.

lordnacho 5y ago
The problem with that is if you don't let the supply and demand price be the price, you create other issues. Like what to do about the excess or undersupply of whatever you are looking at. I'm not denying that the price can seem wrong. Who really thinks that sports stars ought to make 20x what a doctor makes?
- danbruc 5y ago
  The problem is in my opinion that the price fulfills too many tasks at once, it is a measure of work and resources required for the production of goods, it is used as measure of value or utility a consumer assigns to the goods, it is used to decide how goods of limited supply are distributed, and there may be more things upon careful inspection. The problem is that those aspects do not align in a good way all the time and that there are no or no strong enough forces to fix this.

lordnacho 5y ago

The problem with that is if you don't let the supply and demand price be the price, you create other issues. Like what to do about the excess or undersupply of whatever you are looking at. I'm not denying that the price can seem wrong. Who really thinks that sports stars ought to make 20x what a doctor makes?

danbruc 5y ago
The problem is in my opinion that the price fulfills too many tasks at once, it is a measure of work and resources required for the production of goods, it is used as measure of value or utility a consumer assigns to the goods, it is used to decide how goods of limited supply are distributed, and there may be more things upon careful inspection. The problem is that those aspects do not align in a good way all the time and that there are no or no strong enough forces to fix this.