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Reply to "Incentives"

quote:
How do you compute the value of a person's work in a capitalist system to guage how much to pay them per hour?


They aren't concerned about the value of the work, what matters is the minimum they can offer the worker on the basis of supply and demand for labor. So the more desperate the workers are in competing for jobs the better for the capitalists. The capitalist intends to keep as much value as possible.

quote:
The people are trained to make price decisions with job training. That's why I think making accounting classes mandatory is a good idea.


Now doesn't this make an unpredictable feedback loop. My intention of advocating mandatory accounting is so consumers behave differently. But if consumers alter their behavior that will affect what the businesses can sell, so that impacts their manufacturing and price decisions.

This is why the system is an interactive power game which is virtually impossible to manage. This socialism assumes these socialist managers are more competent and less corrupt than capitalist ones. It will become a bureaucracy of people playing office politics.

umbrarchist
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