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A comment on Worker pay isn’t keeping up with inflation. Parent comment

Re:Worker pay isn’t keeping up with inflation by what_is_orcas on Friday December 17, 2021 @03:49PM (#29598163)
Yeah, I think this speaks to a much broader problem with how we attribute value in our society.

Monetary value has no bearing on actual value. For example, a smartphone is only $1000 because some people were paid $0 to produce it. Did those people not produce value? Take a fast food hamburger, it only costs $1 because it's not real meat (mostly), and the person who heated it up is being paid a wage with which they cannot afford reasonable housing and healthy food.

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Re:Worker pay isn’t keeping up with inflation by sokoloff on Friday December 17, 2021 @03:58PM (#29598270)
Monetary value is the value to the business, though. If Pat can only serve enough customers to create $10 in value (above COGS) that customers are willing to pay for, a business can't pay Pat $15 for that work on a sustainable basis.
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