How hard someone works is almost irrelevant unless they are on a piecework arrangement.Quote:
Originally Posted by chuck34
Labour like any other commodity is subject to market forces with respect to price. It has different statutory requirements and different cost drivers but it's still a commodity largely determined by the price mechanism.
I'm sure for instance that a worker in a furniture factory probably works far harder than an investment banker but because of the price mechanism a higher price is paid for the labour of investment bankers than workers in a furniture factory.
And?Quote:
Originally Posted by chuck34
If I was the employer and I told everyone in the firm that I was giving everyone a pay increase in line with CPI, then that's my business. If you don't happen to like it then you are free to take your labour elsewhere.