Re:To Understand Rising Inequality, Consider Janitors
by kofejnik on Sunday September 03, 2017 @04:32PM
(#15163722)
basically, your argument is that you know better than the market. Let me assure you, this isn't so. Source: grew up in the USSR.
Re:To Understand Rising Inequality, Consider Janitors
by RobertoG on Sunday September 03, 2017 @04:57PM
(#15163868)
Markets are optimization processes, so, very powerful tools.
Leaving the metric to optimize to the optimization process doesn't look a good idea, the same way it's not a good idea to leave the thermostat to choose the temperature.
In my experience, the only people that think that the thermostat it's who should choose the temperature, it's the people that feels very comfortable with the current one and don't care about the comfort of the others in the house. Or, maybe, also the people that grew up in a house without thermostat and thinks, correctly, that anything is better.
Re:To Understand Rising Inequality, Consider Janitors
by TheDongIsYou on Monday September 04, 2017 @12:57AM
(#15165829)
I really like your analogy, but what did you mean by "anything is better"?
About merit, I think I know about merit. If you take the public transport at 5:30 in the morning you will see a lot of people that go to work for years for a ridiculous small pay and, that if they stopped doing that, society as we know would stop. That, I think, have a lot of merit.
On the other hand, in any standard corporation, you can find people with huge wages, with company car, that never pay a lunch because they put in the expenses account and that employ its time in political movements to try to go up in the ladder.
Of course, if you think that markets give everyone whatever they deserve, or you have not been in the public transport at 5:30, then, what I'm saying doesn't make any sense.