> Wages have never been based on value produced, at any time, in any industry. Yep. The prices of anything (incl. price of labor) are never about the value pro

> Wages have never been based on value produced, at any time, in any industry. Yep. The prices of anything (incl. price of labor) are never about the value produced alone. The delivered value only sets a ceiling on the price (i.e. no one will pay for something more than they will get out of it), but, if the commodity in question is abundant, its price may be very well below the value it creates. For example, drinking water is necessary for survival, so the value it delivers is essentially infinite (i.e. you'd give anything and everything for water if you don't have any and are dying of dehydration), but at the same time it's so abundant that its actual price is almost zero.