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by account-5
812 days ago
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First I'm pivoting now I'm trying to derail, when all I've done is answer you question; but to make it plain: yes, it's subjective. How else are certain skills valued more that others? There's no objective measurement to these. Comparing the skills of one disapline to another doesn't work, like apple to oranges. |
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Whether someone is getting "underpaid" or a "fair wage" on the other hand is entirely subjective, and you can come to whatever conclusion you want depending on your politics. On one side of the spectrum you could argue any sort of situation where the employer is capturing surplus value from the employee is inherently exploitative[1] and therefore "underpaid" and a "unfair wage". On the other end of the spectrum you argue that supply and demand curves are the ultimate arbiter of what's "fair", and any wage that is determined by the free market can't by "underpaid" or "unfair" by definition.
[1] https://en.wikipedia.org/wiki/Labor_theory_of_value