02-01-2005, 02:24 PM
(This post was last modified: 02-01-2005, 02:26 PM by Occhidiangela.)
whyBish,Jan 30 2005, 10:24 PM Wrote:Comparative worth is a daft concept. If you go into a profession that there is an oversupply of, and expect to get paid the same, then you should've studied economics first.  :P
Comparative worth is just another name for a different form of communism.
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Two points. Insurance is a method of shared risk. Since the future is uncertain, and life has risks of the unexpected, unfortunate occurring, insurance is a means of mitigating risk.
The comparative worth concept is linked to labor supply and demand, as well as the old art of negotiation. You can negotiate a better rate of pay, sometimes, when you can show 'better value' than an anlalgous service. You can also increase rate of one's fees when you build a rep for competence, service, and integrity.
It is not static. On the other hand, anyone seeking services attempts to get the best service for the most economical cost. That constant give and take makes the situation dynamic, not static.
Communism relies on " the state " to set value, with no necessary regard to the natural forces of supply and demand, and other market factors. A command ecnomy has blind spots and inefficiencies all through it, though some sectors are emphasized, such as public education and "health care" by decree.
I think your comment on comparative worth would be more accurate if you said that it is a reflection of competition.
Occhi
Cry 'Havoc' and let slip the Men 'O War!
In War, the outcome is never final. --Carl von Clausewitz--
Igitur qui desiderat pacem, praeparet bellum
John 11:35 - consider why.
In Memory of Pete
In War, the outcome is never final. --Carl von Clausewitz--
Igitur qui desiderat pacem, praeparet bellum
John 11:35 - consider why.
In Memory of Pete