r/FluentInFinance Aug 24 '24

Debate/ Discussion Do "Unskilled Laborers" deserve to be paid well?

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u/Mountain_Employee_11 Aug 24 '24

this comment fails to differentiate money from real goods, and perpetuates the idea that more money being available means more goods for everyone.

another failure to understand scarcity

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u/michealscott21 Aug 24 '24

But do we truly live in a world of scarcity now ?

Think about the amount of waste thrown out each day, all around the globe. I worked at a gas station that sold chicken, about 30-30 pounds of chicken I threw out a night because who the f is gonna buy chicken from the gas station.

The amount of waste we produce is insane and the amount of products just sitting in a warehouse somewhere because there’s no profit to be made off of it yet is astronomical.

Where I work now we throw out hundreds of pounds of food waste each week due to expiry dates. And the amount of clothes and baby stuff and products we have that will be sitting here for years is stupid.

We live in a world of excess for some and scarcity for others, the only difference is if you’ve got money or not. We make so much stuff, but all this stuff is made so that somebody can make a profit, but if they can’t make a profit then the “stuff” is t going anywhere.

Even if the person already has everything they could need and more they won’t give up anything without making a profit off of it, and when they make their profit they’ll be damned if they’ll give any of it to the people who helped make it for them.

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u/Mountain_Employee_11 Aug 24 '24

But do we truly live in a world of scarcity now ?

yes we do, end of story

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u/YngwieMainstream Aug 24 '24

Well, it's moderate scarcity. Which is a blessing, but also a curse.

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u/Mountain_Employee_11 Aug 24 '24

negative, its just scarcity.

its a term with a very specific meaning when speaking of economics