brett636
Well-Known Member
so why did the employer hire me in the first place if i am only producing $10/hr of value, and am only being paid $10/hr? are you saying employers dont profit off of their employees?
The employer is supposed to profit from employees. That is why the employer is in business in the first place. No profit motive means no business, no business means no jobs. If an employer offers a job at $10/hr. and gets 10 candidates for said job then the market has spoken and the rate is fair. If the employer offers a job at $10/hr. and gets few or no candidates responding, and or poorly qualified candidates then the market has stated the wage is too low. If you were to open a doctors office today and needed to hire a doctor to work for you and wanted to pay said doctor $10/hr. you wouldn't get so much as a phone call from a qualified doctor today. Same goes for any skilled profession be it engineer, accountant, or even a truck driver. Now if the job that is advertised happened to be for a cashier at a McDonalds you would have plenty of choices for employees because there are plenty of McDonald's cashiers that aren't making even $10/hr. The cashier is a low skilled job and therefore commands a lesser rate of pay. Its the employers business whether they will pay more than that, and nobody elses because its the employer taking on the risk of the business and the risk of paying higher than market rates.
What market share does Fedex Ground have to have at half the UPS compensation for UPS Teamsters to accept that the market values them far lower than they are compensated? Capitalism is a monster and "market valuation" rarely considers the human element. It is strictly based on cost management.
The human element is the job itself. The chance to earn a living and support themselves and their families is free market capitalism working its magic. Even though not in all cases that individual will go into bigger and better things it does show initiative which counts a lot more than people realize in this world.