BadgeIsBack

Another way to look at it is: what is a man or woman worth? Let's say 25-50 an hour. That's it. Just time. Anyone who charges or earns more has had to put in investment of additional time or capital and has expenses. A tradie might work Saturday to quote. Just about every office worker earning morw than 30 dollars an hour is shaving a cut of the company..their seat cost and insurance is absorbed. Their tea and coffee and milk is absorbed. Any time spent on the internet is absorbed.

It is absolutely true though that the top end is renunerated excessively in some sectors. If people were paid more evenly that would still be trickle down.

Beoz

Hang on. You are saying a haircut could (or should) be worth the same as brain surgery.

If we went down that path there would be no incentive for people to become brain surgeons. On the flipside we would have an excess of hair dressers, unemployed hair dressers (supply and demand) and no one making money to pay the tax for schools, doctors, roads, bridges, and the "new millions" on welfare because some bright spark thought equality was a good thing.

BadgeIsBack

I did say some charge more, but we all sell or trade the same time.
Sure, some people earn more than others due to their natural talent or prior investment but in Capitalism it is also because they take the risk for others. Some small business owners have huge costs paying their workers and only just reap the reward.

The trickle down effect supports the rank and file.

And it's why Socialism or Marxism didn't work.

Stuck in Auckland

So many dimensions to supply and demand, which you have interesting highlighted.

You would think brain surgery is lower demand than say hair cut. But the level of expertise and skill required and level of training makes it exponential to the hairdresser.

Within professions there is tiers:
Call girls (maybe touchy profession but point is street walker versus high end)
Solicitors (Small partnership versus large global corporate)

People also develop networks and relationships that are worth paying a higher tier. Advocacy for example where you have to get on the page with what the party is thinking or how they evaluate.

Beoz

Absolutely. As the old saying goes, pay them peanuts you get monkeys.

Touchy maybe, but steet walker is going to utter crap right?

BadgeIsBack

Absolutely true - there is advice to the kids: if you want to do something aim for Tier 1 or a path to Tier 1. There are plenty of professions where Tier 2 can be disappointing. I've often said on BE that sector and industry can make or break! Expats grumbling about the horrible people they meet at work. Others doing OK..Tier 2 might be public sector and Tier 1 might be private sector. It depends. Tier 2 might be a salary range. Tier 1 might be a cultural factor. I have met people that do my job in Tier 2 and 3 and it is a different scene to Tier 1/2. It really is.

the troubadour

Not quite. Actually monkeys would be more likely to do a better job than some of those in position.


Anyone that thinks the best get the 'best' are very deluded to say the least.

the troubadour

Forget about tiers. Best tell your kids to find a passion for something and do it well. Horrible people in the working environment are hardly confined to any particular tier. Just as psychopaths are prone to get into positions of influence in any area of endeavour.

the troubadour

How about some real revolutionary thinking and just pay people enough that will enable capitalism to function through ability to spend Trickle down was proven a big fail, favouring those at the top to acquire ever more.


Take the risk for others or others take the risk. Too easy to gain on other peoples money. Or lose as the case may be. Banks being a good example of excessive risk taking, but welcoming, indeed expecting a socialist bail out when things went arse up.


Socialism worked perfectly well for the most part in Northern Europe. Most were rather proud of their cradle to grave welfare, diluted over time of course by change in government.


Far better of course than the English speaking nations which developed policy designed to maximise profit of a tiny minority of very rich people, not the citizens well being.

the troubadour

A lot of people do extra hours, some considerably longer, without reward. This is increasingly expected in certain jobs.


The measurement of value? Lets not forget a self taught, left school at fifteen bloke that cleans gutters and replaces a down pipe or two can charge more than a psychologist for example. I wonder if the roof bloke's earnings would trickle down or should that read up to the psychologist?

the troubadour

Well hairdressers going by my partners experience does exceedingly well. I do hope she remembers to trickle down. I know I get a biscuit and coffee while waiting for partner to be 'completed' so in that sense you are correct.


She of course prefers cash. Runs her business from a fine house, has no employees, and relatives do her garden ....I wouldn't knock hairdressers.....


Of course some of other reasons outside of money why they perform certain acts as well......

BadgeIsBack

Obviously I don't just mean hairdressers, I am referring to all makers of dairy products.. :-)

Personal services can be lucrative as sometimes operating costs or capital can be reduced..

Beoz

If you think you are the best but aren't getting treated like the best, your problem to solve. No one elses.

Again this seems to be the theme of your moaning. It makes interesting conversation.

Beoz

Psychologist? You mean those nutters with worse problems than their clients.

The plumber is the smart one here. Not the Psycho

Simple economics. Every needs to shit and shower. Not everyone needs to tell their problems to a Psycho.

Stuck in Auckland

many hold back telling the psych yet offload to the plumber.