2 ms·
Once a work system is good enough to provide 5 minute highly qualified answers to questions like "is this CT indicative of cancer?", people would be paid $3/hr
by 51432 14y ago
Once a work system is good enough to provide 5 minute highly qualified answers to questions like "is this CT indicative of cancer?", people would be paid $3/hr for those answers.
Scarcity and demand, not ability determines wages.
- slurgfest 14y agoI agree that ability doesn't determine wages. But I would like to qualify your statement about what does determine wages. In a free market, wages are determined by scarcity and demand. However, a free market is a theoretical construction that often fails to model reality. For example, free markets do not include coercion, deception or collusion, all of which are ancient and universal parts of human life. For example, the $0 pay rate of a field slave is not because nobody wants cotton-picking, or because there are too many people who will pick cotton for free.
- 51432 14y agoIndeed. That's why equating pay to ability is pretty silly.