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by kukx
1744 days ago
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The terms productive and profitable are tightly related to each other. Of course you can argue about definitions, but I think I understand what you mean anyway. Yes, some things are hard or impossible to price (measure). But nonetheless pricing is the best tool in this complex world that we have for deciding what is most productive. We get monetary compensation for our work that we can exchange for the work of others. The more we earn the more we can do. We can help others with our earnings, maybe more this way than by direct contribution. It is a matter of specialization and division of labor that helps everyone be more productive. |
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The root of the problem is that Amazon's $15/hr minimum attracts talent as a result of the price of things, including rent, continuing to rise, sometimes up to 15% YOY - people are often required to either work 16 hours a day at 2 jobs or work 8-10 hours at Amazon to reach the minimum income needed to have nice-enough living conditions.