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Employers pay their employees exactly what they're worth - by definition. If an employee is dissatisfied with their pay, they have the option to either negotia
by akuma73 12y ago
Employers pay their employees exactly what they're worth - by definition.
If an employee is dissatisfied with their pay, they have the option to either negotiate a higher salary or find another job with higher pay.
- littletimmy 12y agoExactly why I think black people are worthless. After all, at one time black people worked for free! (/s)
- dragontamer 12y agoTherefore, Women are only approximately 78% of a man. There are issues when we take the "Market is always right" approach to defining our morals btw. I prefer if our morals came from another power.
- EliRivers 12y agoEmployers pay their employees exactly what they're worth - by definition. That makes no sense to me. When I hire someone, it's in the expectation that the extra money they bring in is more than what they're being paid. They're worth what they bring in, and because I want to make a profit, I pay them a bit less than that.
- gipp 12y agoThere's a tremendous amount of idealization involved there -- that the cost of renegotiation/finding a new job is zero (it's not), that no systematic effects outside the market exist lowering salaries (they do), etc. As an approximation, employees are paid what they're worth. It's an approximation, not definitional.
- tiagocesar 12y agoNuff said.
- chimprich 12y agoYour two sentences rather contradict each other - if an employee is already being paid what they're worth they should be unable to negotiate a higher salary or find a higher-paid job.
- akuma73 12y agoYes, you're right, of course. Being more specific - there may be transition periods where you may become more valuable (through training or whatever) at which point you have the opportunity to seek higher compensation. If one does not seek higher compensation, then one is trading their higher potential salary for other wants/needs (maybe they trade the enjoyment of their current work at a lower pay over the higher salary at another job). In equilibrium and in an efficient market, the value of the labor provided is equal to the cost of the labor provided. Of course, in the real world, there are inefficiencies and irrational behaviors, but to a first order - it's approximately correct.