People Power

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Originally Posted by BDunnell

Point well-made, but I instinctively don't like this modern use of the phrase 'adding value'. I have no idea what it means, and suspect it is difficult to define precisely in financial terms.

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"Value Added" is the difference between the written price of a good or service, once an input process has been done to it.

Blank Piece of Kryptonite = š15
Drilling of Kryptonite
Sale Price of Krypto-Widget = š20
Value Added = š5

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Originally Posted by Rollo

"Value Added" is the difference between the written price of a good or service, once an input process has been done to it.

Blank Piece of Kryptonite = š15
Drilling of Kryptonite
Sale Price of Krypto-Widget = š20
Value Added = š5

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Of course, but we do now hear the term being used in a very vague way, with no idea of specific figures involved.

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Originally Posted by BDunnell

What, in effect, you are saying is that those of us who state quite categorically that jealousy is not our motivation for highlighting the wage gap are liars. Would I be correct?

Again, I say that not everyone worships money and those with it.

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Yes, every person in this world is a liar. We have all lied at some stage of our lives. If someone says otherwise, they are lying.

People will not use the word jealousy as jealousy is not a reason to change anything or justify getting something someone else has. They rather use words like unfair, unacceptable, unjustified, oppression etc instead to justify/propose alternatives to getting things themselves and/or making their own positions in life better.

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Originally Posted by ArrowsFA1

if you want hard work to be rewarded then you should want a more equal society.

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No, you want people to work harder to progress.

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Originally Posted by 555-04Q2

Yes, every person in this world is a liar. We have all lied at some stage of our lives. If someone says otherwise, they are lying.

People will not use the word jealousy as jealousy is not a reason to change anything or justify getting something someone else has. They rather use words like unfair, unacceptable, unjustified, oppression etc instead to justify/propose alternatives to getting things themselves and/or making their own positions in life better.

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You have a downbeat view of your fellow humans, don't you? Of course it is true that everyone lies, but I would not go so far as to call everyone a liar, reserving that term instead for certain circumstances. It would be a bit tough to say that someone is a liar if they say they've cleaned the bathroom floor when they haven't. I don't think such a thing merits such aggressive language.

But playing along with you, do you think in this instance that those of us who say jealousy is not an underlying motivation for our views are lying when we say so? And are you a psychologist?

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Originally Posted by 555-04Q2

No, you want people to work harder to progress.

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What does that mean? Progress professionally? Personally? Allow their employer to 'progress' in financial terms?

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Originally Posted by 555-04Q2

People will not use the word jealousy as jealousy is not a reason to change anything or justify getting something someone else has. They rather use words like unfair, unacceptable, unjustified, oppression etc instead to justify/propose alternatives to getting things themselves and/or making their own positions in life better.

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Wage negotiations by their nature operate within imperfect markets. There is a difference in power between employers who are generally price makers and potential employees who having nothing to offer but labour are price takers.

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Originally Posted by Rollo

Wage negotiations by their nature operate within imperfect markets. There is a difference in power between employers who are generally price makers and potential employees who having nothing to offer but labour are price takers.

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And who, thus, have little or no chance of ever moving on to become an employer themselves, having been at the bottom of the pile for so long. Only those with a romanticised notion of the free market would disagree.

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Originally Posted by 555-04Q2

No, you want people to work harder to progress.

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The greater the inequality the lower the social mobility.
As income differences widen social mobility slows.

How do hard workers progress?

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Originally Posted by ArrowsFA1

The greater the inequality the lower the social mobility.
As income differences widen social mobility slows.

How do hard workers progress?

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By being smart. It's not a difficult concept ;)