I understand and sympathise with that example. But surely you agree that not all lines of work can be equally compensated.
That doesn't mean that hard work is ineffective and a lie though?
That doesn't mean that hard work is ineffective and a lie though?
"If we fully deregulated education I bet you’d see teacher’s salaries rise."
I don't, not by a long shot.
"it’s disingenuous to suggest demand and its impact on price is “arbitrary”."
But that's not what I'm suggesting. Demand for teachers is pretty high. Pay has not risen to meet that demand, however. Demand for software engineers is also high, but only in some places has that demand correlated with a rise in salary.
It is completely arbitrary.
Or do you mean the voters, who typically vote down attempts to increase the money for education budgets - typically because most taxpayers don't have children active in education.
There are no market forces at work here whatsoever.
> If we fully deregulated education I bet you’d see teacher’s salaries rise.
One can look at private schools (including universities) and see this is not the case. The pay does increase slightly, but nowhere near proportionally to the value provided. A lot of that extra money provided by private citizens for their children's education is absorbed by bureaucracy (and football).
Maybe it’s not as valuable as you think it is. If it was, people with means would pay more for it.
Smart work ought to be more beneficial than hard work but the narrative focuses on “hard work” with connotations of pushing oneself beyond one’s comfort zone and limits, which implies increased exploit-ability.
It is an immoral statement which left without investigation causes suffering and inequality for many.
Hard work depletes the worker and is therefore ineffective as it creates an imbalance which that person, their family etc. need to pick up. This balance is not reflected by the accounting of the employer so economically it is hard to detect.
Between two salesmen in the B2B industry, the amount of work put forward will create a difference in their overall pay. But both salesmen will make more than the hardest working waiter or waitress.