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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (156927)4/22/2020 6:20:17 PM
From: sense1 Recommendation

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ggersh

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If you average the value of the 7 billion people and compare the value of the lives of 5 billion a few decades ago you will see that the world's labor has been massively revalued not devalued.

That's a fraud.

Worth dissecting because it is in error in at least FOUR critically relevant ways.

First, it is in error because you wrongly assign value judgements in addressing it. Personalizing it is a part of your error... that in context has you valuing and self justifying your own opinion over facts. Patting yourself on the back for being morally superior ? Doing that while ignoring, not mentioning, the reality of the morality involved ? That does you no credit. I leave that point off the list as "relevant"... because you and your opinion, as me and mine, aren't really significant factors in influencing much that matters... and seem particularly incapable of altering that facts recorded now as history.

You also seem inclined to render value judgements on others opinions... while assuming without knowing what they are ?

Second, posing a change as a revaluation of labor vs. a devaluation of labor outside China is a fraud, as it ignores the drivers and the context in which the change occurs.

Faux equivalency... is an error in logic. Where this is not equal to that... apples and oranges... comparing two things as if they are the same is obvious as an error.

Third, in any comparison of equivalents you make... there have to be baselines... to make comparison meaningful ?

What's the baseline ? What does that do to illuminate the question ?

Fourth, the origins in error matter. You want to make the west out to be the bad guys for apparently (and wrongly, in the implication) valuing eastern labor less... and making that "western standard" the point of focus ? LOL!!! Do I really have to explain that not only historical inaccuracy... but as simple racism... on your part ?

Fifth... not only should you not ignore the origins in CAUSATION of the differentials that existed... nor ignore the causation in the changes enabled... in looking today at modern history in proper light... you ALSO should not ignore RELATIVE value differentials that still exist ? So the variations in STANDARDS that exist between one labor pool and another... are intrinsically a part of the value question. Some of that will boil down to safety standards in the workplace... limits on hours worked, regulation of pay, and many other worker rights protections. But, there's not a "baselined" limit there ? There are also still real issues with slave labor, forced labor, and other oppressive or exploitative employment policies... built on not recognizing workers human rights.

Are slave labor, forced, labor, or exploitative practices in the workplace... market equivalents and just as good as other labor provided in other context ? Are they... should they be... equally valued and treated as market equivalents ?




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