Should amount of labor be equal to pay you receive?

Define labor

The marginal wage-unit should be equal to the disutility of labor.

Keynes and Fisher say so.

Define amount

>>2338295
In all honesty, if OP is referring to the LTV, one wage-unit= one time unit

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>>2338293
>Keynes

>>2338358
And Fisher. That's one of the things they agree on. I can't imagine many economists would disagree with that at all, really.

>>2338274
Why?
Has been done countless times.

this ignores responsibility and repercussions for failure.

Though most bigwigs today have plenty of ways to weasel themselves out of responsibility to their pay isn't justified.

I'd be more concerned with the purchasing power that pay offers. One needs to be able to make a decent living with a full-time job.

>>2338272
>be a forklift driver
>get paid more to carry it because it is more laborious to move by hand
Simples

>>2338384
Can't have a conversation without defined terms you stupid nigger

>>2338495
Wouldn't that incentivize efficiency among business owners to give them an excuse to lower wages?

>>2338272
dumb penguin poster

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>>2338272
Yes

>>2338293
>The marginal wage-unit should be equal to the disutility of labor.
How do you measure that? If you net utility from doing your job, should you not be paid?

>>2340629
>All value is created through labor
There's no value other than the subjective value perceived by the consumer, my man.

>>2338272
Brb going to the beach with a spoon to shovel sand for infinite monies.

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>>2340645
>if I think my sandwich is worth a million dollars that means I'm a millionaire

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>>2340655
Dirt cake argument

>>2340629
>>2340645
You're both wrong. Value is complex, and comes from a number of different psychological factors. Marginal use-value, for one, is a different definition for every individual where the monetary-unit doesn't even enter into the consideration.
>>2340639
The amount of disutility laborer's experience from performing labor should equal, with interest, the amount of remuneration they receive after their work is completed, or during(depending on their income shape), after a period of time.

The only thing that separates a wage-earner from an 'entrepreneur' or 'capitalist' is resources and ownership of the means of production.

>>2340692
>>2340639
>If you net utility from doing your job, should you not be paid?
Also an addendum: if you net utility from doing your job, you are clearly attracting more people to your line of work because for the same marginal wage-unit there are other jobs with more disutility.

>>2340702
In other words, you will eventually be paid less or because of inelasticity of employment for a particular industry in terms of effective demand in wage-units, you will experience a net gain in your wages, due to prices increasing if the elasticity of output is relatively inelastic. Provided that the slope of the increasing of the supply curve, that is the second derivative of the supply curve, isn't too large.