Reply To: Income Inequality Chime-in

#19412
ksrugis
Member

So the author states that the market doesn’t determine wages, but rather we as a society determine what is suitable for people to earn. But doesn’t that fly in the face of the logic? If 99,000 people out of 100,000 are capable of sweeping a floor, while 1 out of 100,000 is capable of performing brain surgery, doesn’t it stand to reason that the wage for a brain surgeon would be higher than that of a janitor? Isn’t that basic supply and demand?