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You realize wages based on supply and demand are very accurate at measuring exactly how much value to “society” a job brings? You may disagree but economic equi

• AussieWog93 5y ago
  >You realize wages based on supply and demand are very accurate at measuring exactly how much value to “society” a job brings? If that were true, then DMV employees would have to pay for the privilege of working there. In all seriousness, though, there are huge swathes of people working in bullshit jobs, and many of them are well-compensated. There are power dynamics, misinformation and far too much complexity at play to simply say "society places more value on the work performed by people in higher paying jobs".
• sportslife 5y ago
  That's a nice abstraction, but actual wages are determined individuals convincing other individuals they should be paid a specific wage. That's about their power to extract value. Value creation can be used to increase that power, but there are many organizations (picture the NCAA or your favorite employer of H-1B1s maybe?) that have put in the hard work to make sure the work of value creation doesn't give individuals too much power to extract value.
• bambataa 5y ago
  Yet we have recently had the interesting experience of many low paid workers suddenly being deemed “essential workers”. I don’t think any agile coaches were essential workers. There are many jobs that are low paid because they are low skilled and have low barriers to entry, but otherwise very useful to society e.g. refuse collectors.