this post was submitted on 27 Sep 2023
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People aren't paid for how hard they work, they are paid for the value they produce. Do CEO's produce 350 times the value of other employees? Also probably not.
It's not even just the value they produce, but more how difficult they are to replace. That's why so many "unskilled" jobs pay so poorly; there's no real need for retention, they can just find someone else.
I think this is saying the same thing. Being difficult to replace raises the value of your labor, being easy to replace lowers the value of your labor.