The vast majority of people don't have even a cursory understanding of economics.

CA and NYC are looking at rent control again, for example.

With equality of outcome, you are not even TRYING to do the right thing.

Equal reward for equal value generation.

So the thing about perceived effort is that people don't even realize it's the perception.

Yes, and that comparative value is measured through prices.

If two things have the same price, it is supposed to mean that, by and large, people would be willing to exchange the two.

And if it is not the case for you, you can exchange the thing of higher price for cash and buy the other item that is priced the same, but which you value less.

If they believe that there is good reason to trust what people say about effort, they'll bite.

The problem is that "equal effort for equal reward" (the actual ideal) is marred the fact specialization hides the effort alot of people put into things and the fact that not all labor is equal.

Capitalists trust price signals. Communists don't.

Heres a missing concept people often overlook

Leftwingers see "time spent" as the value
Rightwngers see "resource contributed" as the value

If a person works 1 hour on a machine, to create 10x the product
One side wants them paid for 1 hour
The other wants them paid 10x for the resource

And since they see Rich people as working just as long as minimum wage people
Equality of outcome seems fair to them

I often hear the rhetoric question "How do you put a price on X?" Well, the same way you put a price on anything else!

Competitive bidding

Kind of.

The value of a thing is whatever people would be willing to exchange it for.

@Dr.Wol It's worse than that. You know why the USSR and China didn't get along? Mao believed agricultural labor was more representative of the working class. Stalin believed that was industrial labor. They didn't get along.

And that's endemic everywhere on the left.

It doesn't matter if the monetary price has a few more zeroes or not.

You can print as much money as you want, but in a decently working market economy, things of equal value will end up with around the same price.

Alright you guys, start fightin'.

We're trying.

Michigan Union types think Californian Actors Guild members are lazy bumfucks who get all the accolades for doing nothing valuable. The Californain Actor Guilds think the Automakers union members are deplorables.

But we haven't had enough beer, yet.

And where are the ice cubes to throw at each other?!

This should help.

https://www.youtube.com/watch?v=KUjx8UtcKQ4

What kind of mosh pit is this?!

@Undead Mockingbird Exactly. Money isn't the important signal. It's all in the relative pricing of resources.

Right.

The economy is a distribution system. Not a money system.

people have a different concept of money

Some see it as a commodity, if you have lots of money you can do a lot, you can print it, you can steal etc its just an object with value

Others see it as a compensation of work

If there are 4 coconuts on an island and there are $100 in circulation, each coconut is worth $25. If there's $1000, they each are worth $250.

Is the sand worth nothing

Is labor worth nothing?

the coconut is as much worth as i'm willing to pay for it

Can you get new coconuts?

How much labor do you have to invest to get a cocounut?

That's your cost of labor.

Good luck opening the coconut in such a way that you keep all the milk.

Right.

This gives the rocks worth.