Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,344
But if it's entirely dependent on the market, it's only about demand & supply, not about value creation. There is a relation between the two of course, but it's decidedly not the same.

And not that that is how it works in practice anyways, nor a way that can feasibly work.

I think X is linking the two. You automatically get value if someone is interested in it.
 

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GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,837
Hmm.. I get what you're saying. I'd say that's not really a common viewpoint in Europe :D.
Yea it's i worked so hard to get a phd now i have to have rewarding work, if i don't it's the state's fault

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But if it's entirely dependent on the market, it's only about demand & supply, not about value creation. There is a relation between the two of course, but it's decidedly not the same.

And not that that is how it works in practice anyways, nor a way that can feasibly work.
Has supply ever preceded demand? The value is accounted for the employee who is a third party to the demand supply relationship
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,344
Yea it's i worked so hard to get a phd now i have to have rewarding work, if i don't it's the state's fault

Not quite. Many people with phd's have sucky jobs in Belgium and no one really cares. In fact, someone with a phd in history is often mocked, because you know, you could have foreseen you're fucked with such a degree. Also, while such people could obviously receive unemployment benefits, they also have to accept monotonous jobs in order not to lose them. Having a phd does not automatically qualify you for a rewarding job at all in Belgium.

What we do have is wage brackets. Let's say you get a phd in chemistry. If you start working in the pharma industry, your starting wage will be higher than someone who is doing the same job without the phd.
 

Ocelot

Midnight Marauder
Jul 13, 2013
18,943
Yea it's i worked so hard to get a phd now i have to have rewarding work, if i don't it's the state's fault

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Has supply ever preceded demand? The value is accounted for the employee who is a third party to the demand supply relationship
I meant labor demand & supply. And as perfect markets don't exist, prices payed to employees will always vary from their value creation due to various market inefficiencies.

Besides, stepping away from theory and towards the practicalities of real life, you can't effectively calculate how much value one employee is creating for you, it's impossible with how many factors are in play and synergy effects. Predicting it before actually hiring a guy is even more difficult. The function of diplomas is to give the employer an idea of the skills the guy has, it's not perfect, but better than most other possible instruments for that problem.

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And glad to see you're supporting Keynes on the topic of Say's law :p
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,837
I meant labor demand & supply. And as perfect markets don't exist, prices payed to employees will always vary from their value creation due to various market inefficiencies.

Besides, stepping away from theory and towards the practicalities of real life, you can't effectively calculate how much value one employee is creating for you, it's impossible with how many factors are in play and synergy effects. Predicting it before actually hiring a guy is even more difficult. The function of diplomas is to give the employer an idea of the skills the guy has, it's not perfect, but better than most other possible instruments for that problem.

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And glad to see you're supporting Keynes on the topic of Say's law :p
You must have missed the in the crudest way possible part. My advice is for the prospective emoloyee to gauge out how they will help the company make or save money when negotiating salary as opposed to comparative analysis of the market, they will end up with better salaries imo
 

Dostoevsky

Tzu
Administrator
May 27, 2007
89,023
What's your goal in life? And does this job contribute towards that goal?
Too early too say I guess.

My goal is to enjoy life with the time that I have. This job might effect it in some way, can't say at the moment, but I still want to lean towards art and creation which involes no money or very little. I'm kinda pissed I won't finish my book now because of this.

Good luck with the job! Where do you work now?
It's not official yet, I should hear tomorrow if I'm gonna sign a contract or not. But it's a small-ish company but it's a lot strong in my town. My position is administration which involes tons of paper work & leading teams that work on field with optic cables and its distrubution across the town.

http://www.ekapija.com/en/news/1562...-all-landline-phone-connections-to-ip-project

It's a huge project which already started and they landed it right on my head. Tons of work, pressure and respnsibility.
 

IliveForJuve

Burn this club
Jan 17, 2011
18,932
Too early too say I guess.

My goal is to enjoy life with the time that I have. This job might effect it in some way, can't say at the moment, but I still want to lean towards art and creation which involes no money or very little. I'm kinda pissed I won't finish my book now because of this.
It might be a little less soul crushing if you see this job as something temporary, just as means to an end. Maybe you could set a goal and save x quantity of money to start a project you enjoy that generates income as well.

For me, the hardest part of being employed is imagining that this is all there is to life - working for someone else, spending 8 hours of my day in an office then having to commute for about 2 hours, leaving me with only about 4 hours to do things I truly enjoy since I also have to sleep about 8 hours. But as I said, if you're able to see the light at the end of the tunnel, it might be easier to handle.

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I came back from that job interview.

Turns out they're looking for lawyers to join their tax team... not my favorite branch of law to be honest. Also, I don't think they have any international clients which is a minus for me, since half of the work I did in my previous job was in English.
 

Ocelot

Midnight Marauder
Jul 13, 2013
18,943
You must have missed the in the crudest way possible part. My advice is for the prospective emoloyee to gauge out how they will help the company make or save money when negotiating salary as opposed to comparative analysis of the market, they will end up with better salaries imo
You mean just as a negotiation tactic?

Really didn't get that from your posts, but then I'd agree.
 

Dostoevsky

Tzu
Administrator
May 27, 2007
89,023
It might be a little less soul crushing if you see this job as something temporary, just as means to an end. Maybe you could set a goal and save x quantity of money to start a project you enjoy that generates income as well.

For me, the hardest part of being employed is imagining that this is all there is to life - working for someone else, spending 8 hours of my day in an office then having to commute for about 2 hours, leaving me with only about 4 hours to do things I truly enjoy since I also have to sleep about 8 hours. But as I said, if you're able to see the light at the end of the tunnel, it might be easier to handle.

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I came back from that job interview.

Turns out they're looking for lawyers to join their tax team... not my favorite branch of law to be honest. Also, I don't think they have any international clients which is a minus for me, since half of the work I did in my previous job was in English.
I totally get you. Simply horrible.

Meh. I hate anything related to the law :D
 

lgorTudor

Senior Member
Jan 15, 2015
32,951
It might be a little less soul crushing if you see this job as something temporary, just as means to an end. Maybe you could set a goal and save x quantity of money to start a project you enjoy that generates income as well.

For me, the hardest part of being employed is imagining that this is all there is to life - working for someone else, spending 8 hours of my day in an office then having to commute for about 2 hours, leaving me with only about 4 hours to do things I truly enjoy since I also have to sleep about 8 hours. But as I said, if you're able to see the light at the end of the tunnel, it might be easier to handle.

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I came back from that job interview.

Turns out they're looking for lawyers to join their tax team... not my favorite branch of law to be honest. Also, I don't think they have any international clients which is a minus for me, since half of the work I did in my previous job was in English.
usted es marica
 

Martin

Senior Member
Dec 31, 2000
56,913
It's not official yet, I should hear tomorrow if I'm gonna sign a contract or not. But it's a small-ish company but it's a lot strong in my town. My position is administration which involes tons of paper work & leading teams that work on field with optic cables and its distrubution across the town.

http://www.ekapija.com/en/news/1562...-all-landline-phone-connections-to-ip-project

It's a huge project which already started and they landed it right on my head. Tons of work, pressure and respnsibility.
Hope it goes well!
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,837
You mean just as a negotiation tactic?

Really didn't get that from your posts, but then I'd agree.
No I meant that's how any business owner decides how much to pay an employee, degrees don't offer you any income security, they just mean you potentially have a business relevant skillset and based on that skillset and its rarity you as an employee might have more room to negotiate up.
 

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