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A comment on Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income. Parent comment

Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by charlesu on Thursday May 21, 2020 @11:14PM (#23268342)
Compensation is a representation of bargaining power. If anything, compensation for labor has an inverse relationship with actual value. Teachers get paid little despite educating future generations, sanitation workers contribute more to the public health than doctors but make peanuts, and stay-at-home parents nurture children and are paid nothing at all. Bargaining power is not value of labor.

We are paid what can demand and not a penny more irrespective of our labor's actual value.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by WalterBright on Friday May 22, 2020 @02:39AM (#23269272)
> compensation for labor has an inverse relationship with actual value.

Value is what people are willing to freely pay for it. Any other definition of it is subjective and fairly useless.

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by charlesu on Friday May 22, 2020 @09:24AM (#23271749)
You’re talking about price. Price is not value.
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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by WalterBright on Friday May 22, 2020 @04:28PM (#23276565)
The value of something is price where the supply & demand curves cost.
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