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Are jobs obsolete?

Are jobs obsolete?

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Originally posted by normbenign
Landlords can't force rent payments. That's why they have to evict deadbeats, who typically trash the property.
"Eviction" is when landlords have the government use force because the landlords didn't get paid.

If you don't want the property to get trashed, live in it and take care of it. The institution of landlordism naturally destroys the motivation of residents to take good care of their homes because the landlord is the one with money on the line, not the residents.

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Originally posted by Kunsoo
My theory. You are supposedly paid for the value of your labor. If your labor is more productive, it is more valuable.

It's more of a moral theory than an economic one. Economic theories are mostly morally bereft.
How about this. If you think you are under paid, quit, and offer you services elesewhere. If you are right somebody will pay you what you are worth. If you're wrong, well you get what you deserve.

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Originally posted by normbenign
I think both are with us for the forseeable future.
That's only because the rent is too damn high!

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Originally posted by normbenign
Never mind theory. How about historic fact. When Henry Ford introduced the assembly line he more than doubled the daily pay of his workers.
Ford was unusual among businessmen in that he recognized that in order to sell high end durable goods like cars, there had to be a middle class consumer base capable of making those purchases. It's one reason he supported an extensive government based social wage system in terms of benefits received by workers (health care, social security, unemployment, etc.). Any wage policy on his part is unfortunately not representative, but maybe that's a reason Ford remains the most viable American auto company even during crisis.

Unfortunately, he also obsessed over weird crap like the Protocols of the Elders of Zion.

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Originally posted by normbenign
Never mind theory. How about historic fact. When Henry Ford introduced the assembly line he more than doubled the daily pay of his workers.
Not a fact, historic or otherwise. A simple counter-example is people with big pay and negative productivity (like horribly failing/fraudulent CEO's). Some volunteer work might be very productive but is unpaid. Salaries are not determined by productivity of the work, but by supply and demand of labour in the market, together with politics.

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Who's gonna build the houses and maintain the roads?

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Originally posted by shavixmir
Who's gonna build the houses and maintain the roads?
The guys who want the iphone and the 54 inch plasma HDTV in addition to their porridge for breakfast lunch and supper and the flat in the urban high rise.

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Originally posted by sh76
The guys who want the iphone and the 54 inch plasma HDTV in addition to their porridge for breakfast lunch and supper and the flat in the urban high rise.
So it will work.
Gotta love communism.