It's true. Harvard education costs $300k, so that engineer's lifetime earnings can be $300k plus some small margin so that he does not price gouge. Community college engineer can be paid $2k+small margin.
I see. So all software engineers can charge what they want until the moment they join another software engineer. The moment the two of them work together on a shared enterprise, their margin must be capped.
As an employer, hiring single-person LLCs provides such a strong advantage in this universe over hiring employees. The former can't charge you more than a small percentage. The latter can charge as much as they want. I suppose we would all be like Uber drivers.
Honestly, 10% above costs would put a lot of people far more into the black than they currently are, because you are failing to account for ongoing expenses which raises said cap by a lot. To say nothing that most folks are struggling to make rent and buy food; I think they would like such a deal.
Software devs in the US are not struggling to make rent and buy food. More likely for them to have one or two airbnb side hustles than be starving. Yes, some have it rough but I'd wager the bell curve puts professional devs in the better-off-than-most boat
Oh no you misunderstood, it’s not 10% more than your costs, it’s 10% more than what the cost for a person to live a dignified life should be. So this would really only take money away from people that earn way more than needed.