"Equal pay for equal work" in remote jobs

Re:"Equal pay for equal work" in remote jobs by dontbeevil1992 on Wednesday November 18, 2020 @12:59PM (#25140007)

for certain people, the point of a market is not to meet people's needs, it is to "function efficiently," so they'll never think a failure to meet society's need is a market failure, that's just "the way things are, money doesn't grow on trees commie!"

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Re:"Equal pay for equal work" in remote jobs by nickff on Wednesday November 18, 2020 @01:54PM (#25140774)

'Market failure' is a term of art, and it's generally best to avoid redefining terms of art unless there's a very compelling reason to do so.

Failing to meet people's needs is definitely a problem, but not a uniquely market-driven one. If there is a specific phenomenon which causes markets to fail in the delivery of socially desirable goods, it would be good to come up with a specific description and corresponding term of art.

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Re:"Equal pay for equal work" in remote jobs by whimsicalism on Wednesday November 18, 2020 @01:58PM (#25140836)

Reread the thread.

> 'Market failure' is a term of art, and it's generally best to avoid redefining terms of art unless there's a very compelling reason to do so.

The person conflating "market failure" with what they were talking about is the GP.

The original comment was about the market failing to accomplish a goal, which is a perfectly idiomatic usage.

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Re:"Equal pay for equal work" in remote jobs by nickff on Wednesday November 18, 2020 @02:01PM (#25140885)

I sort-of agree with you, but I was directly responding to the phrase:

>"... they'll never think a failure to meet society's need is a market failure..."

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Re:"Equal pay for equal work" in remote jobs by whimsicalism on Wednesday November 18, 2020 @02:04PM (#25140925)

Fair, I didn't actually read that comment that closely.

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Re:"Equal pay for equal work" in remote jobs by dontbeevil1992 on Wednesday November 18, 2020 @02:45PM (#25141496)

I was the one who first used the phrase market failure (wrongly, I gather). But the GP only used the idea that a market failed at something: "a failure of the marketplace", which is what my point still stands on.

If they only meant to talk about "market failures" as such, then they are guilty of pedantry

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