noooooooooooo w = MV <> (TV/q)
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Replying to @eigenrobot
What do? Not familiar with your econ shorthand. I merely LARP an economist help a brother out.
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Replying to @granderojo
in a basic model, wages end up as the value of a marginal product of an hour's work this is quite different from the total value of the stuff produced by a class of workers and massively different from "value" in the more general sense
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Replying to @eigenrobot @granderojo
if you want to interpret a salary as a meaning of value, you cant go much further than "how much more would we value in monetary terms one more person who produces as much stuff as this one does"
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Replying to @eigenrobot
So we only compare forklift drivers to forklift drivers? Am I translating this correctly?
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Replying to @granderojo @eigenrobot
The way I see it is that it's whatever raw dollar amount + whatever raw amount in terms of transfers they're willing to give. Army fellas I know make low salaries but when you add up all their benefits. Next to zero housing & food expenses, w/ many things halved like cellphones.
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Replying to @granderojo @eigenrobot
Military pals command a lot of respect in sheer dollar amounts. Finland is doing that but with the entire "working class" (as they would define it...sticky term)
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Replying to @granderojo @eigenrobot
If I came off as I was repeating myself and annoying you, it's because I'm a babey
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Replying to @granderojo
No was just having offline time Important thing is that you really gotta be clinical when interpreting wages as anything other than a measure of produced economic value
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Replying to @eigenrobot @granderojo
A better story if I may: there's a relationship between status and money, but in the kind of cases you have in mind--for wage earners especially--money causes status, not the other way around. Ie forklifters are here prollu lower status ceteris paribus because they earn less
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This isn't always true--one can often leverage status into money (and it's often hard to earn money in certain fields without status) In those cases tho your product *is* partly your status
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Replying to @eigenrobot @granderojo
It's tricky to hit all of the subtleties here but happy to try a full readout over drinks when we manage that :)
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