As Barriers to Entry are Lowered, Wages will be Destroyed
As the overhead to participate is reduced, the number of potential workers is increased. As capital-outlay approaches zero, all peers will have the chance to reverse-bid for any job for which they have skills. This will cause wages to fall to the minimum since there will then be nothing to stop consumers from hiring the lowest bidder. Is this an expected result? What can we do to solve this dilemma?
On Sat, Mar 19, 2011 at 6:50 AM, Patrick Anderson <[email protected]> wrote:
As the overhead to participate is reduced, the number of potential workers is increased.
As capital-outlay approaches zero, all peers will have the chance to reverse-bid for any job for which they have skills.
This will cause wages to fall to the minimum since there will then be nothing to stop consumers from hiring the lowest bidder.
Is this an expected result?
What can we do to solve this dilemma? \
Where it becomes a problem we stop charging money for things and come up with a different exchange mechanism.
_______________________________________________ P2P Foundation - Mailing list http://www.p2pfoundation.net https://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation
-- -- Sam Rose Future Forward Institute and Forward Foundation Tel:+1(517) 639-1552 Cel: +1-(517)-974-6451 skype: samuelrose email: [email protected] http://futureforwardinstitute.com http://forwardfound.org http://hollymeadcapital.com http://p2pfoundation.net http://socialmediaclassroom.com "The universe is not required to be in perfect harmony with human ambition." - Carl Sagan
On Sat, Mar 19, 2011 at 11:25 AM, Samuel Rose <[email protected]> wrote:
On Sat, Mar 19, 2011 at 6:50 AM, Patrick Anderson <[email protected]> wrote:
As the overhead to participate is reduced, the number of potential workers is increased.
As capital-outlay approaches zero, all peers will have the chance to reverse-bid for any job for which they have skills.
This will cause wages to fall to the minimum since there will then be nothing to stop consumers from hiring the lowest bidder.
Is this an expected result?
What can we do to solve this dilemma? \
Where it becomes a problem we stop charging money for things and come up with a different exchange mechanism.
Yes, and I believe this is what is meant when we say a "gift and barter society". Directly apropos, check out Charles Eisenstein online book: http://www.ascentofhumanity.com/introduction.php Marcos, pangaia.sf.net
participants (3)
-
Mark Janssen -
Patrick Anderson -
Samuel Rose