I'm "paid for" 40 hours a week. However since I'm awesome, it takes me only 20-30 hours a week to accomplish more than the output of the younger software developers. Work from home, come in late, come in early, work late, leave early. Doesn't matter, it balances out.

The more I work from home, the greater productivity gains I have over everyone else that remains at the office. It's satisfying.

And I get paid more than them by at least 40%. Go figure.

How does that say anything about the labor market market mechanism?

Whether it's working well overall is mostly a matter of opinion, but it seems to be working pretty well for sauronlord at least.

So sauronlord's reply contributes nothing as an answer to my question about golergka's statement which was: "Thankfully, we don't analytically decide who takes the benefits — labor market is working pretty well at figuring this out."

I'm genuinely curious to know how we would know whether the labor market is working well at figuring this out or not.

Because I know how it compares to planned economy, which was doing it completely awfully in comparison. And in general, by every measure labour markets which have enough volume to regulate themselves fair far better than labour markets that are small or subjected to monopoly from either side.