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By its nature, the employee's wages are more valuable to them than the time and effort they are expending on the job. Otherwise, there would be no point to work
by philwelch 4y ago
By its nature, the employee's wages are more valuable to them than the time and effort they are expending on the job. Otherwise, there would be no point to working.
What's happening here is gains from trade. I have a lot of free time and a set of skills, while my employer has a lot of money and the willingness to shoulder the risk that the work they're asking me to do won't be profitable for them in the long run. Both sides get something out of the deal.