Congratulations. Your wish has been granted. The market already sets the value of labor, and short of slavery, it is literally impossible to pay less than the market value (because someone else will hire your labor away at market value).
Since slavery is already illegal, it's done.
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Congratulations. Your wish has been granted. The market already sets the value of labor, and short of slavery, it is literally impossible to pay less than the market value (because someone else will hire your labor away at market value).
Since slavery is already illegal, it's done.
Slavery happens when you are remunerated for less than it costs you to perform the labour.
Ehum... IIRC, the prison manufacturing programs have dumped the prices for certain products so low that it's not possible for anyone else to produce those things. Slave labour is beautiful...
Slavery happens when you are remunerated for less than it costs you to perform the labour.Congratulations. Your wish has been granted. The market already sets the value of labor, and short of slavery, it is literally impossible to pay less than the market value (because someone else will hire your labor away at market value).
Since slavery is already illegal, it's done.
Hear hear!
Also as Sissyl says, prison labor. For profit prisons should be outlawed for step 1.
Slavery happens when you are remunerated for less than it costs you to perform the labour.Congratulations. Your wish has been granted. The market already sets the value of labor, and short of slavery, it is literally impossible to pay less than the market value (because someone else will hire your labor away at market value).
Since slavery is already illegal, it's done.
Don't confuse "cost" and "value." Just because something cost you a lot of money or time doesn't make it valuable to someone else.
This applies to goods as well as services (like labor).
More succinctly,...no!
*opens mouth*
Slavery happens when you are remunerated for less than it costs you to perform the labour.Congratulations. Your wish has been granted. The market already sets the value of labor, and short of slavery, it is literally impossible to pay less than the market value (because someone else will hire your labor away at market value).
Since slavery is already illegal, it's done.
Don't confuse "cost" and "value." Just because something cost you a lot of money or time doesn't make it valuable to someone else.
This applies to goods as well as services (like labor).
More succinctly,...no!
Never mind. He said everything I could have said.
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Slavery happens when you are remunerated for less than it costs you to perform the labour.Congratulations. Your wish has been granted. The market already sets the value of labor, and short of slavery, it is literally impossible to pay less than the market value (because someone else will hire your labor away at market value).
Since slavery is already illegal, it's done.
Don't confuse "cost" and "value." Just because something cost you a lot of money or time doesn't make it valuable to someone else.
This applies to goods as well as services (like labor).
More succinctly,...no!
Right, which is why a living minimum wage is so important. A poor economy inverts the supply and demand dynamic of labor acquisition. So even if you want to say the labor is properly valued, it is still unsustainable.
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Right, which is why a living minimum wage is so important.
Never said it wasn't. But don't pretend that you're "valuing" labor; you're putting a price floor on it, which may or may not be above market value. In fact, if it's not above market value, there's no point in a price floor, is there?
But another key issue is that "the value of labor" doesn't make much sense, any more than "the value of rocks" does. Some rocks, such as emeralds, are almost unbelievably valuable, while some are nearly worthless. My labor is worth a hell of a lot more than minimum wage, precisely because I work in a field with onerous training requirements (low supply), and a substantial industrial need (high demand). Rolling burritos for Taco Bell has a substantial demand, but the supply is even larger. Poetry writing has a relatively low supply, but also a very low need.
One of the major problems facing the US today is that there are a number of people in fields with onerous training requirements but little demand (yes, I'm looking at most of the classics majors out there, for example). While the labor of a Latin expert or an archeologist may be extremely costly, it's not particularly valuable. That's not something you're going to be able to fix under law; I literally don't need a Latin expert in my day-to-day life and wouldn't take one if he were given away free.
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Right, which is why a living minimum wage is so important.
Never said it wasn't. But don't pretend that you're "valuing" labor; you're putting a price floor on it, which may or may not be above market value. In fact, if it's not above market value, there's no point in a price floor, is there?
But another key issue is that "the value of labor" doesn't make much sense, any more than "the value of rocks" does. Some rocks, such as emeralds, are almost unbelievably valuable, while some are nearly worthless.
Which is why we shouldn't only value people as a unit of work to apply, but as people. Someone has to take out the trash. And even if there's a lot of supply for that labor, the one doing it should be able to live. That we live in a world where the market has no qualms valuing anyone's labor below that is shameful really.
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Abolish wage slavery!
For the right to be lazy!
For workers revolution!
Vive le Galt!!!