Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

When you pitch yourself do you let everyone know that you are the absolute world champion of pulling ridiculous, made-up bullshit out of your surely already overly-stretched out asshole?

Real change would involve rethinking all kinds of corporate subsidies and a reduction in defense and incarceration spending and an actual investment in our infrastructure and health and other safety net systems.

TM

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

He used to, but that got kind of long-winded. Now he just has "24-7-365 Bloviation" tattooed on his forehead. Helvetica font. It doesn't convey the same nuance as his prior pitch, but it gets the point across.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

When everyone is paid according to their intrinsic value, there'll be a lot fewer people working for companies, and there'll be more artists, and cooler fonts than Helvetica (imagine!). Information only wants to be free because it's intrinsic value isn't recognized.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

Careful what you wish for, if I’m only paid what I’m worth I can’t spend time giving you free legal advice on the phone.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

Oooh, dazzling them with Marxist economics. Tell me, how do you relate the extraction of surplus labor value to intrinsic value? Must you always extract some surplus labor value to deal with transaction costs or do costs associated with trading and monetizing the product of labor figure in to intrinsic value?

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

Found this for you:

https://thechive.files.wordpress.com...rip=info&w=600

TM

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

Take your false consciousness somewhere else. The lumpenproletariat may fall for your stuff, but not me.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

The more I think about it, when Penske and I were working together here to take down al Queda, you used your position of power to delete critical communications. And I felt I needed to explain Critical Legal Studies to you? Silly me, eh Comrade?

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

Except that's not what happens. The debate about whether increased minimum wages lift all boats is nowhere near resolved.

The argument that increased minimum wage will come out of the pockets of shareholders, owners, and management has as much heft as the argument you raise.

I don't scoff at strategy. I'm merely suggesting that sort of skill, which I don't think anyone has found terribly mentally taxing (YMMV depending on industry*) is overvalued. But that's just one of loads of skills that enjoy unwarranted premiums do to lack of information among the public. If a laymen knew the ease with which all sorts of professional jobs can be performed, the value of endless types of professionals and managers would fall radically overnight.

We profit from, I believe the term is, "informational asymmetries." A discussion that introduces intrinsic value, which is nothing but a focus on the basic value of something before the exchange value is established, would help to lower our exchange value.

A really amusing way of effecting a correction would be for someone on a big network to put out a primetime ten part series, taking ten overpaid-for jobs, and analyzing each, with whistle-blowers making admissions about what the jobs really involve. Call it, "What Your [Insert Job] Really Does."

I think the multiplier between the highest paid job and the lowest paid job would begin to revert to something like we saw in the 50s, when there was a more corporate, as opposed to deal-obsessed, economy.

It's simple. Introduce an intrinsic value into the debate and let behavioral economics do the rest. Capital is always looking for cost savings, and it hates labor costs most, at all tiers. If we give it the intellectual underpinning to more aggressively cut middle to upper management and professional service wages, and the political cover of doing so to facilitate more pay to lower end workers, the arguments will get traction.

We already have a form of intrinsic valuation of labor: Minimum wage. That's a baseline value assigned to an hour of labor, regardless of what exchange value would dictate. In a socialist or communist system, one could assign all sorts of intrinsic values to different types of work. But again, we needn't do that. All we need to do is start the conversation about intrinsic valuation here and let it become an academic scaffolding for the argument that management and professionals are overpaid. Market forces would do the rest. (It would work hand in hand with tech, which is already doing this in a different manner.)

The argument that the upper middle class is actually stealing the most from the economy and keeping the poor poor, rather than the 1%, is quietly gaining traction already. We've all seen articles about that, and there's some truth to it.

https://www.brookings.edu/research/t...-middle-class/

And cited within it: https://slate.com/news-and-politics/...t-america.html

I could cite a bunch more like that.

I think you're in the limo, humming along with the rest of us to Phil Ochs.
______
* YMMV, but law, regulatory issues, etc. are a limited chessboard, involving a lot of baseline manipulation of humans. I think the ability to manipulate situations and people is at least as much if not more innate than learned. You either know how to manipulate or you don't, and while I think a bit of it can be learned, the ability to do it at the level required to be an effective strategist is in your bones, or it isn't.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

What is it about limos that Sebby hates so much?

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

Nothing. But I do prefer those black Suburbans you frequently get with Uber XL. Since the skiing accident, it's hard to bend down into town cars (or any car).

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

I thought you were proposing something more profound that raising the minimum wage, but I guess neither of us really know what you're proposing. My assumption is that spreading money around more equitably would be better for everyone, in the aggregate, and if you disagree with that then I'm not sure why you think it's a good idea.

That would make sense if professionals and managers were hired by laymen with no familiarity with their jobs, but it turns out that's not how the world works.

In my job, the information assymmetry is that I know stuff about the law and compliance, and my colleagues don't. So they pay me to help them understand what they need to do. This seems to create value. Not clear why you think it needs correction.

If you're focussed on the highest-paid jobs, then try a corporate governance fix.

1. Introduce an intrinsic value into the debate
2. ??????
3. Social justice and peace on Earth

Sounds so crazy it just might work.


I'm sure you could, and they would be equally unresponsive to what I said, which was, "One can think that CEO pay is out of whack (and identify specific reasons for that) without thinking that everyone's pay across the whole economy is out of whack and needs to be replaced with a number that you made up."

Ms Slothrop did the driving this am, but there's certainly no limo.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

Are limos even a thing any more? I mean, other than for Prom? Are you thinking liberals shouldn't go to prom? I just don't get it.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

His point is, all of us are overvalued, the beneficiaries of a rigged system that helps us and keeps the proles down, and we are deluded in our bleeting about Trump because we don't want real change, we just want a different leader who will preserve our privileges.

Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
 

ThroneBanes are my thing, on Grab, which defeated Uber in SE Asia. I still want to short the company, but the new CEO is doing a good job of selling its unprofitable extensions, which is resulting in consolidation in the industry, which is limiting the turf war pricing to the bottom. Not that I dont enjoy that, e.g. a $3.50 ride from the airport this morning.

LessinYangon, Myanmar