[joyfylbanana]

> That studio owner literally made a billion dollar mistake by not simply being fair early on to the team. Never, ever, treat a team that has achieved rare success as replaceable cogs. If they've shipped, they can find more money people any time they want.

That wisdom applies to that specific industry. In gaming, the people you hire are the asset. However the same doesn't apply to all industries. Sometimes people are more and sometimes less replaceable. If you are running a fast food chain and manage to piss all your employees, yes, it is likely a problem, but if you hire new people and fix your behaviour it is likely that the business will continue to run as usual.

[golergka]

If that's true (your statement, not mine), this just means that compensation fast fast-food employees get is completely fair.

[relbeek2]

Not at all. It just means that there is a larger pool of employees qualified to work in fast food.

Sometimes people are simply forced to take jobs that are not adequately compensated.

[dawnbreez]

"The workers are easily replaced" and "Their compensation is fair" are two different statements.

[golergka]

It's exactly the same statement. Fair cost of something IS the opportunity cost of buying the same thing from someone else.

[JohnFen]

Well, it depends on your definition of "fair". You're going by the market definition -- but the market definition of "fair" is often quite unfair by other definitions.

[MichaelZuo]

Considering that markets exist whenever 2 or more individuals gather, without regard to any other factors… it’s pretty much a fundamental force like gravity. In fact even ant colonies experience market forces so it’s practically impossible for it to not exist.

Does it matter if a lot of folks have different definitions of gravity?

[JohnFen]

> Considering that markets exist whenever 2 or more individuals gather

In the most general sense of "market", this is not wrong. However, you're talking from the point of view of a rather specific market theory. That market theory is not a fundamental force, it's just one of many ways of doing things.

It also has a very narrow definition of "fair", which makes sense within its own world, but I would argue is not generalizable outside of that world.

[jasonwatkinspdx]

Markets are absolutely nothing like fundamental physical forces like gravity.

Read David Greaber.

[dawnbreez]

If I had a gun to the head of everyone in town, and everyone in town mysteriously agrees to sell their labor for free, does that mean that cost of labor is fair?

There are circumstances outside of the price which affect the fairness of the price.