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0 pointsdragonwriter5y ago0 comments

> employers necessarily pay you less than the value of your labor.

That’s not true “necessarily” unless you assume all employers are sustainable, in idealized competitive markets, and that all of their inputs are also purchased in idealized competitive markets such that they don’t have monopsony savings they can spend on surplus wages without impacting sustainability.

Obviously, even with idealized market assumptions, one reason an firms fail is paying more total for inputs than the value they produce, and lots of firms fail.

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Pfhreak5y ago

Ok, that's fair, I was painting with a broad brush. I acknowledge that yes, employers can pay employees more than the value they bring in, but it's likely that doing so isn't sustainable long term.

And I dodged entirely around worker coops and other arrangements where the excess value is distributed back to employees.

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