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A comment on “So many people spend their working lives doing jobs they think are unnecessary”. Parent comment

Re:“So many people spend their working lives doing jobs they... by crdoconnor on Sunday March 22, 2015 @09:28AM (#9246667)
>The rent captured by us workers is the price delta between a competitive market and one with barriers to trade.

Oh really. What is the price delta between a logically-impossible perfectly competitive market and the current labor market?

>Only part of their wage is rent - if deepika earns 10k rs/month and Danielle earns 100k rs, the rent is 90k.

Assuming deepika and Danielle are the same person.

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Re:“So many people spend their working lives doing jobs they... by yummyfajitas on Sunday March 22, 2015 @10:19AM (#9246797)
You are correct that all models are imperfect, and you can compute second order corrections to my sketch of rents (e.g. subtract overhead for offshore operation).

None of this changes the conclusion that Deepika (a real person and a friend of mine, albeit not named deepika) has escaped poverty thanks to her job at a call center. Based on our previous conversations I know you dont consider her as valuable as a hypothetical american (ugh, dirty foreigners with animal gods and spicy foods), but that's simply a normative difference.

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