If they are inherently subjective, why are you claiming we're not paid what we're worth? This statement is meaningless, isn't it?
> It kinda/sorta works, but it also kinda doesn't
In what way it doesn't work? Clearly it has more utility than other attempts at measuring value. I can agree it's not perfect (nothing is), but that's very different from not working.
> let's say that workers in America demand $10/hour and African workers ask for $2/hour for the exact same job. What's the correct value for that labor?
The correct value is whatever someone is paying for that labor on a free market.
> You could say it's the minimum value at $2. But then some other worker asks for $1. Did you make a mistake?
The only mistake is treating value as inherent and static.
If they are inherently subjective, why are you claiming we're not paid what we're worth? This statement is meaningless, isn't it?
> It kinda/sorta works, but it also kinda doesn't
In what way it doesn't work? Clearly it has more utility than other attempts at measuring value. I can agree it's not perfect (nothing is), but that's very different from not working.
> let's say that workers in America demand $10/hour and African workers ask for $2/hour for the exact same job. What's the correct value for that labor?
The correct value is whatever someone is paying for that labor on a free market.
> You could say it's the minimum value at $2. But then some other worker asks for $1. Did you make a mistake?
The only mistake is treating value as inherent and static.