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> Rich people become rich by paying other people less than the value of their labour This is actually completely wrong. Believe it or not, many of the richest
by throwawaymaths 4y ago
> Rich people become rich by paying other people less than the value of their labour
This is actually completely wrong. Believe it or not, many of the richest people get rich because they pay their employees more than they think they are worth.
- pasabagi 4y agoExplain to me why you would hire somebody if they lose you money.
- throwawaymaths 4y agoValue is subjective, you can't point to x worker and calculate exactly how much "value they create" to the company, because many things a company does are not possible or nearly impossible by individuals. If you calculated how much value each employee brings in by subtracting what the company would have made in their absence, that would often result in being more than the company makes for most high skilled jobs. That's why I said worth not value. You can define what a person thinks they are worth by asking them.
- antonvs 4y agoPlease provide just one example.