Re:Apple chief executive Tim Cook gets $750m payout
by rglullis on Friday August 27, 2021 @10:24AM
(#28328181)
> But you say that if we paid by productivity then entrepreneurs would simply bypass those people.
No. Entrepreneurs will bypass them anyway, whenever possible and whenever profitable. The difference is that your idea of "paying by productivity" would make cheap labour expensive, consequently increasing the profitability of automating work process and accelerating the pace of replacing labour.
> You allow yourself to provide a very loose mechanism for roughly determining scarcity but demand a very precise mechanism for determining productivity in the previous post.
No, I am being descriptive of the current reality. You want to be normative about your idealistic method. So, yes, you have the onus of coming up with a system that could replace the existing one and be at least as effective.
No. Entrepreneurs will bypass them anyway, whenever possible and whenever profitable. The difference is that your idea of "paying by productivity" would make cheap labour expensive, consequently increasing the profitability of automating work process and accelerating the pace of replacing labour.
> You allow yourself to provide a very loose mechanism for roughly determining scarcity but demand a very precise mechanism for determining productivity in the previous post.
No, I am being descriptive of the current reality. You want to be normative about your idealistic method. So, yes, you have the onus of coming up with a system that could replace the existing one and be at least as effective.