Training is unskilled labor. The value of skilled labor represents the time it took to train for said labor. It doesn’t mean you can throw bodies at a skilled problem.
If you’re missing the point this badly, I don’t think you’ll ever get it.
If the value of skilled labor was equal to the time it took to train there would not be situations where someone was screwed or blessed. My kids teachers have masters degrees I only have a 4-year degree in engineering. Guess who makes more money?
Fine. Skills + labor = skilled labor.
Are you studying to be an economist or something?
Almost. Labor + labor = skilled labor, as skills are just embodied labor.
No, I’m not studying to become an economist, but I am familiar with economics.
Again this makes no sense. You just admitted that throwing random people at a problem doesn’t mean they know how to fix it.
You’re again missing the entire point.
Training is unskilled labor. The value of skilled labor represents the time it took to train for said labor. It doesn’t mean you can throw bodies at a skilled problem.
If you’re missing the point this badly, I don’t think you’ll ever get it.
If the value of skilled labor was equal to the time it took to train there would not be situations where someone was screwed or blessed. My kids teachers have masters degrees I only have a 4-year degree in engineering. Guess who makes more money?
You’re still not quite right, value and price are not the same. Price is influenced by supply and demand, value is not.