Thanks this was all really helpful to write out for thought organization.
Exec summary:
Jobs have value assigned by society. People have value and that raises the value of even the lowest of jobs to this value. This is the origin of minimum wage and starting point for UBI.
Jobs also have a worth assigned by the market. This actual dollar amount is what supply and demand (and collective bargaining AND ALSO the cruelty of needing individual income to live). Jobs with a high supply of candidates usually don’t require deep training and are termed (unfairly perhaps) “unskilled”, and those with a low supply of candidates usually DO require deep training are termed “skilled”. It may be time to change these names.
I’m a perfect world, worth in the market reflects value to society. It’s up to us to make that happen.
Thanks this was all really helpful to write out for thought organization.
Exec summary:
Jobs have value assigned by society. People have value and that raises the value of even the lowest of jobs to this value. This is the origin of minimum wage and starting point for UBI.
Jobs also have a worth assigned by the market. This actual dollar amount is what supply and demand (and collective bargaining AND ALSO the cruelty of needing individual income to live). Jobs with a high supply of candidates usually don’t require deep training and are termed (unfairly perhaps) “unskilled”, and those with a low supply of candidates usually DO require deep training are termed “skilled”. It may be time to change these names.
I’m a perfect world, worth in the market reflects value to society. It’s up to us to make that happen.