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Precisely. I think the two biggest reasons that people accept job offers with unfair compensation are: 1) Desperation. People need to eat. If someone needs foo
by Apreche 4y ago
Precisely. I think the two biggest reasons that people accept job offers with unfair compensation are:
1) Desperation. People need to eat. If someone needs food, water, health care, and shelter they can be forced to accept a job, any job, no matter how unfair, to survive. IMHO all those things are human rights. If we make it official policy that those things are human rights, then people will only accept jobs that are worth it.
2) Information asymmetry. People do not realize what their labor is worth. Most employees do not know, in real numbers, the value of their own labor. If they knew that their labor was producing 10x value for the company, but their wages were only 3x, they would probably demand wages of 9x or quit. The company’s ability to keep that information hidden is essential to maintaining their labor exploitation mechanism.