[P2P-F] As Barriers to Entry are Lowered, Wages will be Destroyed

Sun Mar 20 00:51:33 CET 2011

On Sat, Mar 19, 2011 at 11:25 AM, Samuel Rose <samuel.rose at gmail.com> wrote:
> On Sat, Mar 19, 2011 at 6:50 AM, Patrick Anderson <agnucius at gmail.com> 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