It’s supply and demand. Scientists publish their discoveries to the commons, so there isn’t much demand for people to hire them. Many would-be scientists go into fields like finance and engineering specifically just for the pay (fields that are in demand, but have low supply). Science is a public good, so a market failure occurs.
“Unskilled labor” is labor that many can do or learn on the job, so there is a high supply. It doesn’t matter how hard or essential the work is, it’s going to be low pay due to the low barrier of entry. Which is unjust, and Why Socialism (Einstein) is needed.
In supply labour doesn’t have the same meaning to me when I say it out loud. That’s why I liked the term ‘surplus labour’ because it implies there is a surplus of people who can do the job, driving down how much people are paid for it.
It’s supply and demand. Scientists publish their discoveries to the commons, so there isn’t much demand for people to hire them. Many would-be scientists go into fields like finance and engineering specifically just for the pay (fields that are in demand, but have low supply). Science is a public good, so a market failure occurs.
“Unskilled labor” is labor that many can do or learn on the job, so there is a high supply. It doesn’t matter how hard or essential the work is, it’s going to be low pay due to the low barrier of entry. Which is unjust, and Why Socialism (Einstein) is needed.
Yeah I agree.
In demand labour makes sens as a term to me.
In supply labour doesn’t have the same meaning to me when I say it out loud. That’s why I liked the term ‘surplus labour’ because it implies there is a surplus of people who can do the job, driving down how much people are paid for it.
Thank you for supplying all this valuable context, honestly.