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by gruez
814 days ago
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The concept of "underpaid" and "fair" wages is fundamentally subjective. Is a burger flipper underpaid because he cant raise a family a buy a house on that wage, "underpaid"? Or is his labor simply not that valuable? Is a techbro making $300k "underpaid" because his employer is making $500k off his work? On the other hand skilled vs unskilled labor, as well as the concept of human capital are well recognized concepts in economics. |
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