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by what_is_orcas 1651 days ago
Yeah, I think this speaks to a much broader problem with how we attribute value in our society.

Monetary value has no bearing on actual value. For example, a smartphone is only $1000 because some people were paid $0 to produce it. Did those people not produce value? Take a fast food hamburger, it only costs $1 because it's not real meat (mostly), and the person who heated it up is being paid a wage with which they cannot afford reasonable housing and healthy food.

1 comments

Monetary value is the value to the business, though. If Pat can only serve enough customers to create $10 in value (above COGS) that customers are willing to pay for, a business can't pay Pat $15 for that work on a sustainable basis.