Topic: The Prices of Labour. - page 3. (Read 712 times)

And the wealthy man will lie to her by saying he don't invest in anything because he know that woman only want his money.

You can't trust every words that come from someone else mouths except verify it. You should ask what he do in his daily life, check where he work or his business, even better if you work as tax officer, so you know how much tax he pays.

yep, exactly

on another note about OP observations
i once(before i settled down) seen a woman at a bar on a first date. she was an obvious gold digger, and she just bluntly asked how much was in my bank account.
i literally laughed..
.. firstly she was playing low ball games and obviously new to gold digging/dating..
i knew things wouldnt go further with her as i was not interested in gold digging, so i friendzoned her that second and gave her some advice
(we still talk occasionally, and she has upped her game since, and found her sugar daddy)

"when your dating someone, and assessing if they is rich. dont look at the car they drive or clothes they wear as they could have rented a car/suit to impress you for a one night stand but be broke at the end of the month, those people are called 'players'. and dont ask about bank account balance.. majority of rich people keep their wealth in investments, not their debit card account, they only keep a couple months of living in a debit card, max. so instead no matter what they wear or drive, just ask them if they invest much.. as thats a sign they have more money than the average guy that lives pay-cheque to pay-cheque"

i gave her a few other tips to gauge a guys wealth in a more stealthy way without bluntly sounding like a gold digger (without asking/interrogating for exact numbers)

---

anyway back to the topic title
as i said before
labour roles do come with a tiered ranking of income

a college janitor gets paid less than a TA/RA a TA/RA gets paid less than a college receptionist/admin, a admin gets paid less than a professor.. so the professor is on more then the OP thinks

You can always ask, I will assume that professor is an amicable person so I'm definitely sure he wouldn't mind any kind of inquiry and as an inquirer it's your duty to not step over the line, when they say stop, you stop. I don't agree about government programs not being transparent, once it becomes that way, there's something fishy behind it. I think if we're talking about government programs, we should also talk about the people running the show for it, because a program will only be as good and competent as the person that's behind it and if they're incompetent and stupid, rest assured that the program is in the wrong hands.

Regarding the price of labour, my only take on this is that we're not being taken advantage of by the company or organizations that we're working for, and that we all should be able to demand a salary increase because the inflation rate is skyrocketing and the salary hasn't even increased, the productivity also increased but there seems to be no indication that salary increase is nigh, I think that it should be a basic human right to be working and getting paid the appropriate amount to live and not survive.

University lecturer salaries vary depending on the country. Based on my internet research, here's how they work in Indonesia: Several factors influence salaries, with the government setting base pay standards for public institutions. Rank and experience play major roles. Private universities may offer higher or lower compensation.  Lecturers can be permanent (full-time, more benefits) or non-permanent (potentially less secure). Salary components include base pay (depending on rank and qualifications) plus allowances for teaching, research, and certifications. Significant salary differences exist between public and private institutions. As a result, lecturers may earn incomes that are above, at, or even below the minimum wage.

Measuring the income of a person from his vehicle is a wrong practice because in the area where I live there are still many students who have not been able to make money by driving a vehicle that is much better than people who earn. Many problems in human life today so that the value of the currency becomes priceless and at the same time if a person is unable to make money more productively, the income earned will only complicate the fulfillment of the needs of life. Because the price of goods rises so fast while they always get monthly income in the same value.

Smart people and have a good financial plan will not buy luxury cars just for the problem of fulfilling lifestyle, but they see the potential to make money by placing money in far more productive activities. The way people like this have gained a much better life moment than people who pretend to have a lot of money to meet lifestyles.

That is almost all the rich people I know, because they realize that every single dollar they spend, could be spent on growing their wealth and business. Imagine this, consider you have a big company, and you can hire people for 50k a year, or you could buy a 1 million dollar superlux car, would you rather get 20 people working for you for a year, or would you rather get that car?

I would definitely get the people. I think it is quite important to consider that we are going to get a lot of smart and rich people picking the same thing as well. This is why it is not about rich or poor, stupid people spend their money on things they do not need, and smart people prefer to spend their money on things that will make the more money.

I understand where you are coming from. You are trying to look at the take home pay for a professor or probably for those working in certain areas of the sectors or civil servants compared to what the politicians take home for themselves and those at the corridors of power. Yes the difference is very wide and clear to everyone living in countries where politics have been monitized and other sectors more or less fight for what they will be paid. They usually constitutes groups and union who advocate salary increments for time to time. Perhaps if the professor is placed in same salary scale of the politicians then he would of certainty be driving same exotic cars just like the politicians are cruising.

It is actually a misplaced priority that a professor who have spent most of his time studying and researching to better the sector he finds himself is living a life below standard.

Wise investors know that the car one drives isn't a  true measure of their wealth, because pension for one is a future investment as much as other bonuses and special privileges  that may added to the salary of the professor in this story.
Am sure there are some places he would grace with his presence that you won't dare enter, because he has a wealth of knowledge that he has invested in that you can't begin to comprehend.
He should be worth more, but shouldn't everyone who has a job and takes risk for money also be worth more too?

The economy of your country has to get better and well, everyone has to know that wealth varies and more than a source of income should be the goal to be financially independent and free and be wealthy.

However, there are certain possible issues with the driven by markets approach. A possible drawback is that it might lead to poverty, as people with popular skills or degree may be able to fetch greater incomes, but those with less useful abilities might be unable to find employment that pays well. Another challenge is that the market is mainly self-monitoring making it challenging for authorities to act to solve concerns such as hunger or injustice. Some opponents believe that this approach promotes an inappropriate preference for profits over people and the environment. Earnings may vary as well in response to economic situations and other variables such as technological advancements or worldwide occurrences.

The worth of a man is not measured by material things or how they leave their lives, but by the there thinking faculty and what they have upstairs. Wealthy people always hide there identity and behave like a poor who doesn't have anything, but the poor remain poor because they pretend to be rich. And that will eventually make people not help them. So in my point of view peoples appearance is not determined by their aperance but what the have internally. That's why they said that you can not judge a book by its Cover.

Well, I would like you to look at it from different angles, however, it would have been better explained if you had added the country you are living in. In my country, labourers are being cheated and they are voiceless even as the government is busy with their politics and corruption. The labour/work has never been commensurate with the wages/rewards in most cases.

This is so disheartening and what aggravates it is the fact that people do not have a choice. You will hardly get a job in my country not to talk of a befitting job, just for you to know that the rate of unemployment is high. Invariably, this means that the supply is high and the demand is low, so they pay workers peanuts in most cases. If you want to leave the job due to anger and other reasons like the lack of satisfaction, there are millions waiting to take your place, so people do not joke with their jobs despite the poor pay. They'd protested and done all sorts of things to show their dissatisfaction but to no avail. In this condition, you would see a worse situation than that of the professor, because these people have commitments and dependents and it can't be easy, but to continue to management.

In another view, some people are practical "economists," they may have more but still do not spend on themselves. Their good earnings are not commensurate with their living standard. They could prioritise savings, investment and other future benefits to living well. For this, we need to know the kind of persons and the conditions we are dealing with before we conclude.

i didnt say all rich people are not flashy
i said SMART PEOPLE dont waste their cash so dont flash it around and instead invest it

elon musk is not cash rich, he is paper rich. he is on paper a near trillionaire so his house was ~0.0072% of his wealth
for him $72m is not flashy nor getting him in debt

this topic is about the OP thinking that his professor is poor due to driving an old car.. yet logic, math and economics show that you cant base someones wealth on their car/house.. as many people might be owning that home/car on some DEBT agreement to appear flashy.. but have costs that bite into their income deeply..
where as smart people would buy cars/homes in full using a small amount of income(that is the professor and even elon)

hardly anyone buys a lambo out-right using a suitcase of cash or a debit card, the majority(stats) finance their cars when getting them new from dealerships.. so dont assume in the rare case of the super rich paying small percentage to buy things, to then assume the working/middleclass are super rich because they have a flashy car(which majority of cases is on finance)
and like i said dont assume a professors of a university is poor/earning min wage because he has a tweed jacket and a old car

I know some professors who own very old vehicles not because they cannot afford modern cars but because of their philosophy of life. Some of them believe that spending on new cars when the old ones are still functional is a waste of funds. Some of them are just weird that you can hardly understand them.

Most academics in my country are also underpaid. And the reason is purely because of corruption, fiat money has nothing to do with it. Most of these professors earn less than the lowest political office holders making them live in poverty. In some countries, teachers are one of the highest paid staff because of their importance to the sustainability of the society.

The standard is that if there is inflation, the government is supposed to review the minimum wage to suit current realities. But in many developing countries only politicians enjoy increased pay while others will have to struggle to survive. I restate that the problem is not fiat money but corrupt leadership and poor management of the national economy.

We shouldn't judge a book by it's cover, sometimes looks can be deceptive because you can see a person that is shabbily dressed or driving a rickety car and you'd think that it's because they're very poor, you wouldn't know whether they have money but they're denying themselves of certain luxuries inorder to save enough to start a business or investment. On the other hand, you can see a person that is living a luxurious lifestyle, without any savings, in their old age you'll see them living in poverty , then you'll be wondering if it's not the same person that lived in riches years back.

As far as labor goes, if a worker's salary is not enough for them, then let them think outside the box, either get a better paying job or learn a skill to earn money by the side, then invest in a valuable asset like Bitcoin.

It varies and I've known professors and actual professors of mine in college that they've been teaching not just in one university or schools but they've been doing a lot of part time from other schools and institutions too. Upon hearing that, I guess that they don't get pay decently and that's why they have to take every opportunity from other universities to teach and that adds up to their working experience but I can't imagine the time management that they've been dedicating to their profession just to give proper and better education to their students.

Here we can only speculate because we don't know the professor's background so there will be various assumptions about his salary. But if he is a university teacher at a college, of course he has legal status and will definitely receive a standard salary allocation and allowances. Well, if you still say you feel inadequate or perhaps the professor is actually teaching at a private lecture. Furthermore, there is clarity regarding government programs, we also don't know what is happening there, economic growth, etc., it will be very difficult to determine the total average monthly salary of a teaching staff.

An assumption can be made depending on a lot of things. Firstly, which country are we talking about?
In my country, it is well-known that professors have a hard time teaching because of the system. A lot of
them are underpaid compared to the hours they spend in work. Sometimes, your educational attainment and
work experiences will not land you a high-paying job. I know plenty of professors that quit their jobs due to the lack
of proper salary.

Even then, sometimes with a high paying salary it’s still not enough to be able to buy luxurious stuff. Maybe they’re
bad at handling finances or maybe they are the breadwinner of the family and things like that. It’s not
our business to speculate about other people’s salaries and financial situation as we never know what they
might be going through.

Don't get it wrong OP, Most professor's and academicians are paid handsomely, for the fact that you saw an old car of a professor been pushed doesn't mean he doesn't have a newer car at home or cannot afford a newer car. Don't forget that intellectuals don't always give value to materialism, they tend to leave a very modest lifestyle. To you it might seem that their basic salary is small, but don't forget that they are entitled to allowances another incentives and grants that allows them to afford the basics life can give.

Because from your semantics and story narration, it seems you want to compare professors to business owners and large investors with millions of dollars in The society which to me is incomparable, Because a professor renders service to the society and is paid by the government, The university that the profession is lecturing is not owned by him.

You can't really judge people with what cars they own. If you'd take a look with the wealthiest people, they have fancy cars for sure but many of them are keeping their old cars too because what matters with that is the sentimental value that they'd kept and the struggle on their early journey which keeps them reminded on what they've gone through before. As for the salary of the professor, it is being determined by the university he's teaching and also the experience and probably certificates that he's taken along his professional teaching career. To be honest, I like to see most of the teachers earn more than what they're receiving now because they are the key of honing the next generation.

I mean, you can check how much professor get paid in your country, then check the car price, you can calculate how long it takes for him to acquire that car. There's 20/4/10 rule if you want to buy car, so if he can't met this rule, I'd say he don't have a good money management.

To be honest I don't understand why you need to care with other people life? I don't care with what people have in their life because there's no point to know that. What you need to look is yourself, try to beat yourself and become better.