The "market theory of value" is some New York econ major bullshit if I ever did saw it - eviltoast
    • yesman@lemmy.world
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      4 months ago

      If market theory of value is true, then nobody ever got a good deal and nobody ever got ripped off. Nobody has ever been under or over paid.

      Refunds should be illegal because the perfect price was agreed to and questioning that after the fact is communism.

    • Toneswirly@lemmy.world
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      4 months ago

      The issue isnt what the customer is paying, its how much the company is giving back to their workers. The executive class takes an inordinate chunk of corporate profit for doing the equivalent of squatting on IP. Its fine to live in a SOCIETY where we buy and sell goods for profit, but im not gonna be satisfied with the gods and serfs system of wealth inequality we have now

    • MindTraveller@lemmy.caOPM
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      4 months ago

      Here in AMERICA we know the value of hard work, and we make sure each man, woman, and nonbinary is rewarded justly for their skills and time. We don’t let some bigshot city-slicking CEO take away the value of our hard work and give a fraction back to us in a tiny paycheck, no siree. This is a Christian nation, and that means we pay our union dues and reap our union rewards. And if the elites don’t like it, well they can kiss the barrel of my second-amendment-protected guns.

  • I Cast Fist@programming.dev
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    4 months ago
    • My skills: swindling idiots
    • My job description: CEO of a huge company
    • My actual job: take decisions based on “research”
    • My pay: pornographically high

    _

    • Your skills: medicine, caretaking, team management
    • Your job description: nurse
    • Your actual job: all the medical work that medics feel is “below” them
    • Your pay: hahahahahaha

    Clearly working as intended.

    • UnderpantsWeevil@lemmy.world
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      4 months ago

      Well, you have lots of nurses with lots of work to do. Paying them all pornographic sums would be very expensive. But you only have one nephew that you need to marry off to a Senator’s kid.

  • GBU_28@lemm.ee
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    4 months ago

    It’s worth what anyone other than you will value it at.

    This is true in any economic or political system. It’s just that some preconfigure your returns on your labor ahead of time, and make it more in line with everyone else

  • Asafum@feddit.nl
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    4 months ago

    The only explanation that makes any kind of sense to me is “how hard is it to replace you?”

    If it’s “easy” that means there’s an excess of labor for that position, if it’s “hard” then there’s a lack. It’s probably the only case of supply and demand that actually follows the theory.

    Unless of course it’s low wage work in a HCOL area and the asshat owner refuses to raise the wage to attract workers…

    It should be based on a combination of skills and cost of living, but that takes the workers needs into account and there isn’t an owner alive that gives a shit about that. :(

  • barsquid@lemmy.world
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    4 months ago

    The value is what the rich elite is able to gain from one’s skills and time. Pay is somewhere below that, artificially lowered by the rich elite increasing the desperation of all workers.

  • kwomp2@sh.itjust.works
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    4 months ago

    No, not what they want. What they have to, wich mostly depends on degree of organization in the workforce and instutionalized results of past organization.

    Besides that wages oscillate around the worth it takes to reproduce the capacity to work.

    If they’d pay what they want (always less) market economies could not persist, since they would destroy their workforce right away

    • kwomp2@sh.itjust.works
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      4 months ago

      It’s just important to think systemically on both sides, labour and capital. Otherwise you end up with confusing essentialism and some kind of concept of “evil”

  • dream_weasel@sh.itjust.works
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    4 months ago

    Mods removed comment that says of course this is true with +20 agree.

    Hey Mods, FUCK your censorship. Get an ML instance. Your little shit hole is worse for you modding it. Ban me and make a really nice echo chamber to give each other handjobs in.

    • MindTraveller@lemmy.caOPM
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      4 months ago

      This comment don’t actually break the rules, so I’mma leave it up, but you could stand to be a little more patriotic. This is AMERICA!

        • MindTraveller@lemmy.caOPM
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          4 months ago

          Elon Musk is the most unpatriotic, un-american lazy immigrant I ever did meet. He even wants to force his own daughter to be a man. That awful big city rich elite don’t know shit about family, and I guarantee you he ain’t worked an honest day in his life.