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A comment on If pay had kept pace with productivity gains, minimum wage would be $24 an hour. Parent comment

Re:If pay had kept pace with productivity gains, minimum wag... by Sohcahtoa82 on Friday October 09, 2020 @03:06PM (#24733287)
This flies in the face of so many HN readers that claim that salaries are based on the value created by the employee.
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Re:If pay had kept pace with productivity gains, minimum wag... by jedberg on Friday October 09, 2020 @04:25PM (#24734074)
> so many HN readers that claim that salaries are based on the value created by the employee.

That's because those people are sadly wrong. Salaries have never been based on value created. They have always been based on the minimum a company could pay for the talent they desire.

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Re:If pay had kept pace with productivity gains, minimum wag... by phamilton on Friday October 09, 2020 @04:16PM (#24733963)
Value created is the ceiling, the floor is min(cost of employee's alternative, cost of employer's alternative).
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