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Its subsidizing because Havard is getting their labor for less than its actual cost (the minimum cost of labor being the basic living needs of those doing the l
by Eddy_Viscosity2 3y ago
Its subsidizing because Havard is getting their labor for less than its actual cost (the minimum cost of labor being the basic living needs of those doing the labor). The government is covering the difference - therefore subsidizing Harvard who absolutely have the means to pay they full cost (and then some) themselves.
- gruez 3y agoHumans aren't ec2 instances that you can spin up/down at will. "the basic living needs of those doing the labor" exists whether or not they're working. It's a sunk cost, unless we as a society are willing to let them die of hunger.
- Eddy_Viscosity2 3y agoThis doesn't mean that Havard should get the benefits of people's hard work without paying the full cost for it.