Topic: The Prices of Labour. - page 2. (Read 712 times)

The general take on this applicable for a long time is that the greatest profits go to people able to put a product into the economy, usable by the masses.   Inventing or being a great mind in the theories of a product is not always as rewarding financially.  I agree with the other points made, a car is a depreciating asset and also costs alot of tax many places so some dont want or need it especially.

The invention of cars paid less then those able to invent a good process of supplying cheap cars to many people.   Some of the greatest cars are limited run builds, I'll never see or drive one probably but the biggest amount of money is the product for many people not the elite.  Its a dynamic of revenues over margins that is ironically repeated in capitalism, people who argue for other systems like government based forget how awful government operates unmodified by open competition alot of the time.    Education is overwhelmed and biased by its government ties, its why the whole subject of economics has to be read while sitting on a block of salt to season all that nonsense with.

There's nothing like watching the youths sitting in political or important positions, only the aged citizens that have experience will do. We can only be dependent on ourselves because winning is more tougher than expected but losing is very easy and straight. The prices we've paid doesn't match our energy for most of us. We're in the hard times and most of us will find it hard enough to become successful in life. I know it's not easy but we should be employing techniques that would inturn help us in challenging moments.

Right? Sounds like a hopeless land. It's tough to hear about professors not getting the recognition and pay they deserve and it's frustrating when education doesn't seem to count for much in the job market. It's a reminder that there's still a lot of work to do to make things fairer for everyone but seems like those in power are ignoring it for their own benefits

I don't know about the situation in your country but here in mine professorship isn't really a high-paying job. If you reach a certain point where you are receiving a high salary, it simply means you deserve more. And that if you were working in a private company instead, you'd surely be receiving a much higher pay.

Forget about justice. We're living in an unjust world. The highest position in my land is taken by somebody who is a mere dropout. If you apply for a job position that pays the minimum wage, you'd be asked for a college degree.

Agree with you. A person's appearance does not determine the high or low opinion of a person. Because this is purely a matter of managing finances well, we can only speculate about people's appearances but don't know what really happened.

There are also some people who have high incomes but they really appreciate the money they have. I also saw a professor in my area. His appearance is shabby, wears a t-shirt, often walks everywhere. But his property business is everywhere, his cars are also luxurious.

And usually people who are rich from hard work are different from people who are rich from instant results, so they enjoy it differently. if it is the result of hard work he will think about buying something that suits function, not prestige and will be more humble. It's different if someone obtains their wealth in an instant way, then they will waste their wealth even more because they never experienced the process of achieving it.

Franky definitely has a similar mindset to me. For those people who are able to earn money and retain some of it after all bills are able to start accumulating wealth. Anyone can earn money - there are millions of activities and goods out there that are vying for your attention in order to take your money. People who are able to find the right balance, where they save / invest as much of their remaining capital as possible will be setting themselves up in the best position throughout life. Those who live for every pay day, in order to spend it all very quickly, will find that a desperate habit a few years down the line, so it's better to learn that lesson as early as possible. You don't need a fancy car to prove your worth to random strangers.

The professor may actually earn well or may have other businesses that they are involved with but because of their mindset towards money and how difficult it was for them to make the money, they are not very liberal in spending and maybe that's the reason why this professor has particularly refused to get a new vehicle and has stuck to driving the old faulty vehicle. I have learnt not to judge people by the clothes they wear, or their shoes, or the cars they drive , or by their phones.

Sometimes it's based on the negotiations between the professor and the educational institution that they are in.

Professors are paid based on their experience, domain, and how they haggle. There isn't a fixed rule through which their salaries are based on. Also, the cars these professionals drive are not reflective of their salaries. Sometimes, you see a millionaire driving a beat down 20-year old car just because of its value to them, and there are times you see someone who's not earning much but is driving a brand new car.

There's also the effect of networking and connections. It helps influence salary ranges if you know a certain someone in an organization and this person vouches for you positively.

If a country is fairly democratic and somewhat transparent, you can usually find out the salaries of professors online (not of specific professors if they're not public figures, but of people with such and such credentials and job positions). In my country, universities are generally public, not private, so the salaries are paid from taxpayers' money by the state. So there's no market here, it's just a regulated thing. And the salaries aren't high in my country. But if it's a country where higher education is actually like a business, then salaries and social status can be very different.

people have money, their wants are bought, not just their needs. if they prioritized their wants, it's those luxurious cars they display in their garage.

people wanna show off their success with the car they own. but just like frank said, we don't know how much debt they have. there wouldn't be rest for those who are just showing off but the ones who can sleep well without worries are the ones who doesn't have debts and are just using the most basic Toyota car.

That's right, of course we will get paid according to the work we do but in terms of a person's appearance it will really depend on a person's personality and if we see someone's appearance is normal but we don't know that they have an income above the average government minimum wage and In terms of happiness, of course we can't know for sure because there are some people who have a lot of problems in their lives but still look normal because they can manage their emotions so they don't look like they have problems in their lives.

This is a kind of tale I heard when I was a kid that when one sit under a big tree that is when inspiration comes upon him to write or create innovative. That was nice reaction under the tree. As for the professor, it is a personal decision or a philosophy that he has believed so using a old car as him, he is okay because likely he doesn't want to promote capitalism. A professor can buy a new innovated cars because a professor salary can be $600 to $1,000 monthly and if he wants to buy a car, five months savings can buy him a good condition car. Although that should be depends on the area of his professor. Because not all professors received the same salary. And also the cost of living recently in the country could make a professor to pipe low because if his salary was big enough to buy car in 2022 and 2023, it will not in this 2024 because everything just skyrocket to the up.

As of 2022 and 2023 $1 was NGN400 exchanged with the fiat currency but right now it is $1 is NGN1,600 and it was NGN1,900 last month. So if someone is receiving $600 as salary monthly, it is a small change when you went to the market with it. The best way to solve this issue is to increase salary of civil servants to meet up the present situation. But will the government increases salaries?

i have no idea about other countries salaries scale for university professor or lecturer. in my country private universities lecturer salary is more then high from public universities,
because government only set base salary for public universities. private universities lecturer got high salary but their job is not permanent, it's disadvantages.

Actually its obvious that wages would really be something be set up by the government and this is one of the main reasons for people to go overseas if they do find out that their salary isnt really that enough.
In regarding about the car they do possess or on how much they do earn then satisfaction would really be just that depending into a certain individual whether they would really be contented on that
or wouldnt really be having so and this would really be just that on someones way of living. We cant really be able to judge them just because on how they do look and what they do own.
You dont know their backgrounds whether its their passion to be a professor and not minding about those other opportunities that gives out better pay but he/she did really
that choose up on remaining still on what they do have now.

I am enough to believe that every job already has a minimum wage standard set by the government. So someone's income has been measured by workload and daily needs. So in my opinion the appearance is not a benchmark that can be used as a reference, because it is very relative. It is very difficult to guess the will and measure a person's level of happiness because basically it is something that is carried out instinctively not to the personal how much money he gathered

A typical daily wage earner should not earn as much as they work hard.  Because you can see that they work as day laborers or earn money, ordinary people, they work very hard, and you make a profit on that work, and you charge a higher price for that work.  In that case, the salary of a day laborer can never be 200,300 rupees, his minimum income should be ten dollars per day.  Because at the level he earns it becomes very difficult to live with his family for a day laborer or a common man to eat day to day or understand how much hardship he has.  Because nowadays people are growing up with daily wage labor very hard or their in-laws or their families are driving them.  But currently, the salary of a common day laborer should be increased and Bangladesh should be made. In Bangladesh, people of very low literacy are living in a difficult situation.

Not all professors in Indonesia receive a decent salary for their position. My neighbor is a professor at a campus, he only has an old Inova car and his two children only work as civil servants and bank employees. Even though their parents were professors, this title is not easy for academics to get, but because he only worked at a campus that was not well-known and he only expected a salary from the campus and refused all the gifts from his students, he ended up living an ordinary life.
So not all professors can get a high salary, because depending on the campus they teach at and how they live, a professor can be ordinary or quite rich.

I wouldn't stand here to defend the welfares of the professors who ain't doing right financially because there are lot of people in the streets that their state of being too also matters so also there are graduates who graduated from the universities but could not bust of achieving any nature of earning through their academic certificates.
Instead of agitating for these old folk profs, I'd rather argue about why can't the government create job opportunities for the masses and to those who're skillful to engage on and earn better livings.
Talking about the professors are like when you try to make the riches richer while you yourself still remains poor because I don't think if live was so good for you that you'd prefer and comfortably sitted under the mango tree like a frustrated human without having a roof to get on to.

I believe this story of you happens in the underdeveloped countries which the professors have major roles to play in the governments but they either decides to go low, keep their mouths shuts, hands folded comfortably to say there's no problem, we'd take it anyhow the wave of the government pushes us to. Literally they're dump upstairs loosing their potentials and roles meant to play in advancing the wellbeing of the societies including their potential honouranary influences ought to play on how they could bring solutions for the government and how they can offer soluable opinions to the society at large.
So who's worthy of fighting for them? The youths with muscles or the illiterates or the poors in the streets?
Less I know, the professors from the underdeveloped countries has lost their rights for briberies from the political levels and so they've lost their values and influences in the society.

The matter is purely speculation, I can even say that measure of appearance is relative to individual believe and choice not on fiat salary or level of income. The level if comfort if well paid professor with a statistics of 5 to 10 will differs because it's individualistic choice if living. Except where the government happened to give them the same car, same house but if it's the individual to make choices it will differs.

You touch an interesting point, those that do not have money have an idea of what being rich is about, and in their attempt to emulate it, they only do so at a superficial level, but those that have become rich through their own efforts had to deprive themselves and live well below their means in order to raise the capital necessary to become an investor or to start their own business, and only once they achieved the success they were looking for they began to spend some of that money, while those that are not rich only care about spending their money on luxuries without increasing their income.