“You can’t miss what you never had”
Seeing an exact number of how much is taken from your wages via taxes every time you get paid hits different than an imaginary amount of your contribution to the whole.
Just because no one gives you the number doesn’t make it imaginary. It’s just kept from you by the person who profits off your labour.
The US GDP is over $145,000 per person employed.
Median wage is less than half of that. Where is all the value going??
https://data.worldbank.org/indicator/SL.GDP.PCAP.EM.KD?locations=US
Mean, not median, would probably make more sense?
Value presumably goes to small number of people, and to value of various companies.
I think that’s partly to show the point, median is a lower than something equivalent to mean, indicating the high skewess of the distribution.
The gdp vs wage angle is adding another point about about unearned income, rent and interest. I’d be slightly worried at not provisioning for fixed capital stock formation out of GDP - you do want to produce some of that stuff was well as consumption.
Of course you can argue about who is best placed to own the capital too - as well as how the fk it can be measured in a market price system. (I already see a LTOV comment further down).
Perhaps because people aren’t aware of the big one?
And because it can’t be really measured at all for many jobs. What’s the economic value created by someone in customer support? What’s the value created by a janitor? A dish washer?
Most jobs are not directly generating revenue out of nothing. Only the company as a whole does and it cannot be mathematically calculated who generates what share. In communism, you’d probably argue that everyone is equally important and thus earnings should be distributed linearly.
But if you tell people that everyone should make the same no matter if it’s room keeping or an engineer, they mostly get upset. Because they derserve better than those dumb, lazy fuckers who didn’t even go to school blahblahblah. They rather fight those below their own socioeconomic status and dream of their breakthrough and becoming a millionaire themselves. People are often egoistic unfortunately.
An hour of labor is an hour of labor. Labor that requires more labor to replicate is compressed labor.
Read Wage Labor and Capital and follow it with Value, Price and Profit if you want to really understand what Marxists believe. They go in-depth on what constitutes Value by Labor.
But if you tell people that everyone should make the same no matter if it’s room keeping or an engineer, they mostly get upset. Because **they** derserve better than those dumb, lazy fuckers who didn’t even go to school blahblahblah
That’s a pretty uncharitable take. Whether people get upset or not is irrelevant. What matters is what people’s incentives are and how they respond to them.
If you pay janitors the same as engineers then no one will bother going to school to study engineering. The whole incentive structure of your economy evaporates, leading to collapse.
If you pay janitors the same as engineers then no one will bother going to school to study engineering.
I think that’s debatable. Personally, I went to university and had a great time there. Apart from learning, that phase of my life had lots of events, parties and spending time with friends. I always saw it as a priviledge that I had the opportunity to gather so much knowledge. Especially as school and university are paid for by the state where I live.
At the same age a janitor, someone in room service or cleaning dishes was already in the middle of their job. And while I today have a job where I get paid for solving interesting problems sitting at a comfortable desk in an airconditioned office or even at home, those other pals are still cleaning hotel rooms, dishes or scrape off bubble gum from the tables.
Personally, I think the job itself is more than sufficient of an incentive to justify higher-level education for people. That’s at least my take as long as the state pays for your education like in my country.
But independent from that I’m very aware that your standpoint on this is way more popular than mine. Also had similar debates with other people in my privileged situation and they are all eager that they deserve better than a random uneducated person because they did so much hard work at university. I find that pretty ironic, because I know some of these people from university and they barely learned for the assignments and the only hard work they did was drinking at a bar or club every other night having the time of their life.
I think that’s debatable. Personally, I went to university and had a great time there. Apart from learning, that phase of my life had lots of events, parties and spending time with friends. I always saw it as a priviledge that I had the opportunity to gather so much knowledge. Especially as school and university are paid for by the state where I live.
When I said no one, I didn’t mean literally zero people. I’m sure if you announced a project to launch a manned spacecraft into the sun you’d get people volunteering for the suicide mission. What I meant is that you’ll never get enough people to do it based on personal interest alone.
For every person like you who loved studying engineering in school (with all the 7 course per semester schedules, insane 8 hour days in classes plus 40+ hours of homework, “hell week” of nonstop midterms, and brutal “weed-out” final exams) there’s going to be thousands of others who just won’t bother because the pay is no better than what a janitor makes. Heck, why not study philosophy or medieval history instead?
And then when you get past school you get to the real problem: many of the jobs in these fields are incredibly dull. People might go to aerospace engineering school with big dreams of designing the next Concorde jet, yet find themselves doing nothing but paperwork review for Boeing. You think the Boeing safety scandals are bad enough in today’s capitalist world where the company is motivated by profit and the engineers are highly paid? Try getting anyone to take safety seriously when you pay everyone the same so there’s no real disincentive to avoid getting fired.
And that’s the other elephant in the room with engineering. In civil engineering the lead engineer has to sign off (and stamp with their professional seal) the plans for a project. If the building later collapses that engineer can be held criminally responsible (and face jail time) should the design be deemed unsafe by the investigation. Without paying the lead engineer any more than a junior engineer, how are you going to get anyone to accept that personal risk on themselves for no compensation whatsoever?
This applies to many other critical jobs where health and safety are on the line. Similarly for jobs where the worker is risking their own life. If you can’t compensate them for this additional personal risk (financial, criminal, or life and limb) then you’re going to have a very hard time finding people to take the job.
The other side of the coin is that some jobs will become extremely popular just because they are more fun to do. Since you can’t pay these folks any less to do the fun jobs, you’ll have a hard time deciding who is allowed to do the fun stuff and who gets stuck with the boring/dirty/dangerous/disgusting/undesirable jobs.
For example, actuarial science was a very popular major to study at my university. The field is competitive to get into and highly paid. However the job itself has a very high turnover due to people voluntarily choosing to leave! The work is so damn boring that even with high pay they can’t convince people to stay! With low pay the problem is going to be even worse. You’re going to have to lower the bar to let less intelligent/skilled people into the job but that is not likely to turn out well because the job is very technical to begin with.
Correct. Also most jobs are only worth something as part of a unit. A janitor alone is useless, but a janitor part of an office environment is extremely valuable to allow everyone else to work.
An hour of labor is an hour of labor. Productivity can increase or decrease, but the labor will still be an hour. A chair that is able to be built in half the time it once was due to new tools and methods has less Value than it once had.
Read Wage Labor and Capital and follow it with Value, Price and Profit if you want to really understand what Marxists believe. They go in-depth on what constitutes Value by Labor.
If 5 people including a janitor produce 1mil in profit. And having 4 people, no janitor makes 600k in profit due to having to work in filth and taking breaks to clean up then the janitor is worth 400k. It’s not really that complicated. Capitalists like to pretend these things are complicated when they’re not. Companies have a damn good idea of what their janitors are worth because it’s constantly compared with what they cost to see if they can do without them or outsource them to a contractor.
When it comes time to PAY them they don’t care what they’re worth anymore, just how little they can pay someone to do the job.
I would think that that this is generally true when we zoom into a local economy. But is this true when we consider a global scale? If we were distribute the world’s wealth to people in proportion to the value generated by their labor, what would the spread be like?
Does a worker in the US or a wealthy EU country receive less than the economic value/profit that they produce when we spread value fairly across the international supply chain? I suspect that workers in rich countries are able to receive more than their “fair share” for their labor by benefiting from their country’s exploitation of resources and labor in poorer nations.
I am not stating this as fact. It is what I suspect, but I don’t know the numbers, and I am curious to learn what others think.
I’m not mad because of how much I pay in taxes, I’m mad because of how little I get in return.
If “promote the common Welfare” (I’m in the USA) were taken more seriously then I think the big green blob would largely fix itself.
