Wosbald wrote:+JMJ+
Avatar wrote:If you define value, then surely so does every one of those minimum wage workers?
[...]
Ohhh! Boom goes the dynamite!
The person paying defines the value. If someone is not willing to pay for something, whether it is a good or sevice, then others can pretend all day long it is worth more, it makes no difference . . . unless the government intervenes with force, subverting freewill/free markets. But even that is ultimately checked by the market (which is why you can't make min wage anything you want, like $200,000).
Of course, if the person making min wage refuses to accept the valuation of their labor by others, instead of using government force to make people adopt opinions they don't believe (e.g. the value of things), they could simply work elsewhere, or gain new skills to make themselves more valuable to their fellow man.
Ultimately, this is always in the hands of individuals, because once the employer raises prices to cover his increase in cost from the government's artificial manipulation of the value of labor, then the customers will decide by the valuation of the goods/services whether to keep purchasing. The end result will likely be fewer minimum wage job positions available.
So it won't matter in the least whether the unskilled worker thinks he's worth more or not. It's literally not his decision to make.
Surely you guys know this? You didn't really think that "I define value" means that we all get to write our own paychecks for whatever we want, did you? I'm not sure what you gain by this pretense. But Wosbald seems to be having fun. Good for you, guy! Making your OWN sentences is fun, isn't it? You should try it more. You'll get the hang of it
Joe Biden … putting the Dem in dementia since (at least) 2020.