causing violence [war and crime] and extinction soon
unlimited pay has sucked up 90% of world income, putting 90% of people on incomes from 10th - 1000th of world average hourly pay, generating enormous violence, endangering us all
can we find a balance between equal pay for all and superexcessive overreward for innovation, etc?
if you overpay some for innovation, you underpay others [most] for innovation
90% of people are too underpaid to become scientists, researchers, inventors, capitalists, businesspeople
letting the market decide income is unjust, because the market pays for scarcity, which is not the worker's innovation, hard work or creativity - new technology has inbuilt scarcity, which overrewards, causing underreward [for most] and stifling the global economy and human progress
new technology has high demand [everyone wants one], low supply [industry still setting up] - this is a private tax on humanity - overpay causing underpay causing violence causing ext
2006-10-03
13:09:33
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3 answers
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asked by
Anonymous
in
Economics