Re: What went wrong with communism?
Posted: June 30th, 2021, 11:08 am
chewybrian wrote: ↑June 29th, 2021, 7:42 pmYes, that would surely take us in the direction of social justice. But my original musing was more specific: does the CEO's job really benefit the company more than the janitor's? They are both necessary functions, but is one worth more $£€ than the other? I can't see it....Pattern-chaser wrote: ↑June 29th, 2021, 10:48 amWhat about universal basic income? Say you give everyone $20,000 a year, and they can go out and earn whatever they want on top of it. I doubt this would much affect the wages of CEO's. However, the supply curves of labor for jobs that pretty much anyone can do would change quite drastically, I would think. If the job was fun, a lot of people would be willing to do it for a fairly low wage. If the job was miserable, then a lot of people would be relieved of having to do it to survive. So, the labor pool of people willing to be janitors might pretty well dry up, and wages for these jobs could go way up to attract enough workers. However, a lot of people might still enjoy being lifeguards, and wages for lifeguards might go down.Pattern-chaser wrote: ↑June 28th, 2021, 10:37 am Not quite. I agree that this is how it is, but I'm not convinced that it is justified.LuckyR wrote: ↑June 29th, 2021, 2:30 am I am open to your ideas on what is a justified way of acknowledging the differences in hiring various positions and filling those open positions.I wish I had some. I'm not happy with how it is, but I can't quite see a practical way to improve matters. Perhaps getting rid of Capitalism would help?