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Wait, I can think of myself as a company selling my labor power on the labor market? Interesting thought experiment, let's see where it goes. I sell this commo
by cool_dude85 5y ago
Wait, I can think of myself as a company selling my labor power on the labor market? Interesting thought experiment, let's see where it goes.
I sell this commodity on the market, to whom? Business owners, I guess. And this is a weird one: I actually have to sell this commodity on the market, if I want to eat and live and all. So does almost everyone else. But the buyers have other options, so I guess everyone on the sell side basically has to undercut each other til there's no more profit left on our side. What does it mean if I'm not profiting, I sell my labor at the cost of production? Best I can hope for is find an inefficiency and hope to eke out a little bit myself until I can afford to be a buyer? Maybe the whole thing doesn't quite work.
Yeah, I'd say internalizing the, uh, implications of this setup is pretty much a requirement for being a grown adult.
- lliamander 5y ago> But the buyers have other options That's not always an assumption that holds. Many "buyers of labor" in the tech sector right now are very limited on their options, whereas the "labor sellers" have many options. > Best I can hope for is find an inefficiency and hope to eke out a little bit myself until I can afford to be a buyer? You will always be a buyer of some things and a seller of others. "Spending" your time to invest in rare and valuable skills that you can "sell" on the labor market can net you very nice returns.