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'An hour of labor from someone with a 130-IQ might carry a higher price on the market than an hour of labor from someone with a 90-IQ, but that doesn't mean our
by TrainedMonkey 12y ago
'An hour of labor from someone with a 130-IQ might carry a higher price on the market than an hour of labor from someone with a 90-IQ, but that doesn't mean our society should perceive the former as being more "valuable."'
And an hour of time of a person who studied hard, got good grades, and went through college should be compensated same as high school dropout? Your logic while nice in a "we are all equal fairy tale" way, immediately breaks down society because it devalues education, intelligence, and hard work tremendously.
- mreiland 12y agoNo it doesn't, it devalues effectiveness. You can argue that all of those things make you effective, and while that's true, lets make sure we're on point here. It devalues effectiveness, not education.
- TrainedMonkey 12y agoThat is a good generalization.
- cheald 12y agoOr more simply, it ignores that the sum of an hour of labor does not exist in a vacuum, but is instead a product of the time and effort the laborer had previously invested in their craft. There's the old joke about the repairman who charges $200 to replace a bolt. Outraged, the customer says "that's it?! how can you charge $200 for that?!", and the repairman answers "Well, that's $0.15 for the bolt, and $199.85 for knowing where to put it."
- dllthomas 12y agoStudying hard and going through college is arguably labor spent. I don't know how we should weigh marginal vs. total labor in this framework. But note that I don't think the parent comment was talking about compensation - indeed, the bit you quoted seems specifically to consider them different things.