CapCom, anyone?

[Odin]

Originally posted by Flubber
More generally, whenever I have fought with commies on income disparities I have never gotten a good answer to how they reward people that work harder or longer or who went to the trouble to get additional skills.

This is why I'm a market socialist. Don't work hard enough = your co-op goes under.

[Kidlicious]

Originally posted by Odin


This is why I'm a market socialist. Don't work hard enough = your co-op goes under.

And some co-ops are sure to go under. Then what?

[Kuciwalker]

Originally posted by Jon Miller
This leisure time 'gap' will become less important if the income gap is fixed (and I don't necessarily mean by payments.. I think that laws about pay could do the job also). If lawyers were payed 80k a year tops, I gaurantee that they won't work as hard as some do.

That sounds like an excellent argument against the Com side.

[Drake Tungsten]

No you're joining the lame threadjack, Kuci? I expected better...

[Kuciwalker]

I don't think I ever really played capcom games.

[Kuciwalker]

You may now proceed to rip me to shreds.

[Kidlicious]

Originally posted by Drake Tungsten
No you're joining the lame threadjack, Kuci? I expected better...

Cap/Com XXXXVII

There's nothin you can do!!!!!

[ZEE]

Originally posted by Kidicious


Cap/Com XXXXVII

There's nothin you can do!!!!!

what... you want ANOTHER pwning... little man?

[KrazyHorse]

Originally posted by Arrian
Everything is worth what its purchaser will pay for it. That is to say, it depends on who you ask.

For me, I value my leisure time quite a bit. So much so that the idea of taking night classes after work is a non-starter for me. No way am I working a 40 hour week (give or take ) AND going to classes afterwards. Of course, if I had a crappy job and made crappy money I might be more motivated... I don't know.

-Arrian

40 hour week?

You *****...

[Kidlicious]

Here's another reason that people who get paid more work more. When companies downsize they often give raises and more hours. Recently Ford gave out bonuses.

[Lawrence of Arabia]

its not exactly true that people work more as they are paid more. at a certain point, people will start to work less, regardless of salary level.

[DanS]

Originally posted by Jon Miller
It's in issue of opportunity cost. If work sucks and you don't get paid much, you are going to do as little as possible.

If work has high rewards, you are going to do more of it, because the rewards are higher..

This leisure time 'gap' will become less important if the income gap is fixed (and I don't necessarily mean by payments.. I think that laws about pay could do the job also). If lawyers were payed 80k a year tops, I gaurantee that they won't work as hard as some do.

JM

A more nuanced approach to this question would explore the proportion of income coming from wealth rather than work. It seems to me that top 10% incomes come more from salaries and less from dividends and capital gains nowadays.

Or perhaps wealthy people do not believe their wealth to be particularly liquid.

Or perhaps after a certain point, wealthy people aren't driven by marginal hourly income. I work in a law firm and many lawyers are workaholics, even though I know that they are paid much more than their lifestyle dictates. Some of them seem to work hard because they are avoiding their SOs and families -- case in point that some reasons are not easily discerned.

[Kidlicious]

I think this is more about the work that is in demand than supplied. There's a shortage of skilled labor so skilled people work more. There's a surplus of low skilled labor so they work less.