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The market rate for unskilled is low because the unskilled give their labor away for cheap. Nothing intrinsic, they're just poor. Unskilled rich people don't wo
by quantified 3y ago
The market rate for unskilled is low because the unskilled give their labor away for cheap. Nothing intrinsic, they're just poor. Unskilled rich people don't work for cheap.
- AnthonyMouse 3y agoThere is no reason to pay someone above market rates just because they have money. When a business needs someone to work an ordinary job, they're not going to pay a billionaire a ton of money even if it's the only way to get them to take that job, they're just going to hire someone else. The reason doctors get paid more than farm workers isn't because they're already rich. A doctor right out of medical school often has more debt than anyone.