this post was submitted on 30 Oct 2023
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] Semi-Hemi-Demigod@kbin.social 33 points 2 years ago (5 children)

The real number I'd like to know is how much value my labor is actually producing versus what they pay me.

[–] paraphrand@lemmy.world 17 points 2 years ago

That would be some fun transparency. You could compare ratios and that ratio would be a number people talk about.

[–] lemming741@lemmy.world 8 points 2 years ago

The national average is $128,502 in 2017 dollars, $160k+ today. That's well over 3 times the median wage of $45k.

https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_person_employed

[–] r00ty@kbin.life 7 points 2 years ago

They do hold that data of course, where possible. I've heard it called personal P&L.

But tbh I reckon it would only be a new source of depression to know. :p

[–] unfreeradical@lemmy.world 2 points 2 years ago* (last edited 2 years ago) (1 children)

The full value of labor can be considered meaningfully only at the level of the whole enterprise.

You and your coworkers collectively contribute labor worth the value of the products you create collectively, minus the costs of inputs and operation.

How such value is distributed within the enterprise is simply a choice by those who control the enterprise. No objective solution is available. Owners pay each worker the minimum possible for the labor to be provided, which under current systems is different for each kind of labor, due to labor commodification over markets represented by the law of supply and demand,.