4 ms·
> The idea that some people know better than us and want less money is frankly bizarre. What is frankly bizarre is the belief that wages are just made up value
by imgabe 5y ago
> The idea that some people know better than us and want less money is frankly bizarre.
What is frankly bizarre is the belief that wages are just made up values that you can set to whatever you want, that they are completely disconnected from any notion of what value the work provides. Taking a $7 / hour job and demanding that people pay $15 per hour for it, does not magically transform it into creating $15 per hour of value, no matter how much you want it to. It will, however, transform it into a $0 per hour job, because nobody is going to pay $15 for something that is only worth $7.
Businesses that fail to make these evil, exploitative things called "profits" cease to exist, and provide no jobs for anyone.
- ashtonkem 5y ago> Businesses that fail to make these evil, exploitative things called "profits" cease to exist, and provide no jobs for anyone. Good. If businesses require the state to subsidize their workers rent and food, they deserve to go out of business.
- imgabe 5y agoThe state could simply stop subsidizing rent and food. Businesses didn’t ask the state to do that.