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EvC Forum ⇒ Side Orders ⇒ Coffee House ⇒ Economics: How much is something worth? ⇒

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Author Topic:   Economics: How much is something worth?
Phat
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Posts: 18349
From: Denver,Colorado USA
Joined: 12-30-2003
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Message 2 of 330 (660968)
05-01-2012 8:12 AM 		Reply to: Message 1 by Percy
05-01-2012 7:12 AM

How Much Value?
Hi Percy. Is this topic also about how much someone is worth?
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In other words...I work at a grocery store, right? Is economics also about how much we should pay the checker? And how is such a wage determined, apart from the labor union?
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Phat
Member
Posts: 18349
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.0

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Message 304 of 330 (664526)
06-01-2012 4:36 PM 		Reply to: Message 291 by Jon
06-01-2012 10:54 AM

Re: Price And Value
Jon writes:
​
The loan holder deserves compensation simply because he is capable of demanding it and the enforcing agencies in power support his cause.
People with money are under no obligation to loan it out. If they didnt, what would be used to start businesses?
​
There's still this thing about wealth creation, though.
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As a grocery laborer, I allow the wealth to be created by moving the line along and getting people to pay up and go home.
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Phat
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Posts: 18349
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.0

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Message 306 of 330 (664528)
06-01-2012 4:45 PM 		Reply to: Message 305 by Jon
06-01-2012 4:41 PM

Re: Price And Value
Jon writes:
​
I've made no claim one way or the other regarding the ethics or morality of the system, other than to say it is unjust from the perspective of the laborerwho is responsible for all of the wealth creation yet only receives a fraction of it.
And yet you say that a laborer such as I that organizes so as to receive a bigger fraction is "entitled" and "greedy" at best, unimportant for wealth creation at worst. The evil capitalists pay pittance wages precisely for this reason. You are attacking the wrong economic class, in my opinion. You need to form an alliance with the middle class against the rich, not attack the middle class itself.
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Phat
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Posts: 18349
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.0

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Message 309 of 330 (664532)
06-01-2012 5:22 PM 		Reply to: Message 307 by Jon
06-01-2012 5:13 PM

Re: Jeesh
What class am I attacking? Where have I formed alliances? When did I attack the middle class?
And yet aside from telling everyone that they dont understand, you yourself offer no concrete plan or solution to the status quo.
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