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by rmtech
2044 days ago
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> That's thanks to competition between companies. That's market forces at play. You want it there? Accept it on salary negotiation too. This is itself a bit naive. In a basic market with voluntary transactions the distribution of the gains from trade is undefined. If your labor sells for $100/hour and costs you $10/hour to produce (basic food, water and shelter) then it is a perfectly legitimate equilibrium for the company to pay you $10.01/hour and take the other %89.99 as profit. It's only through politics that we can make sure that the gains from trade are evenly split. The math of markets doesn't define it. |
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That's clearly not the case since my employer could legally pay me $15/hour for my work, but pays significantly more. They do so, because they are competing with other employers for talent.