The Prices of Labour.

[tygeade]

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

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.

[ancafe]

Is there Prices determined by the market mechanisms of demand and supply or by an authocratic Fiat of the government, thus what must be done to effect justice on this serious matter.
I would want the public in this forum to contribute.

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.

[sekalitas]

Then, my reflection moved to the circumstances around the Professor. How much is the monthly salary of a Professor and other related allowances as are accrued to them in the midst of plenty. In fact, there monthly take home is meagre and is better imagined than experienced.
Is there Prices determined by the market mechanisms of demand and supply or by an authocratic Fiat of the government, thus what must be done to effect justice on this serious matter.
I would want the public in this forum to contribute.

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.

[Maus0728]

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.

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.

[franky1]

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

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.

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

[Helena Yu]

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)

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.

[Silberman]

Then, my reflection moved to the circumstances around the Professor. How much is the monthly salary of a Professor and other related allowances as are accrued to them in the midst of plenty. In fact, there monthly take home is meagre and is better imagined than experienced.

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.

You touch an interesting point, those that do not have money have an idea of what being rich is about, and in their attempt to emulate it, they only do so at a superficial level, but those that have become rich through their own efforts had to deprive themselves and live well below their means in order to raise the capital necessary to become an investor or to start their own business, and only once they achieved the success they were looking for they began to spend some of that money, while those that are not rich only care about spending their money on luxuries without increasing their income.

[Uhwuchukwu53]

The matter is purely speculation, I can even say that measure of appearance is relative to individual believe and choice not on fiat salary or level of income. The level if comfort if well paid professor with a statistics of 5 to 10 will differs because it's individualistic choice if living. Except where the government happened to give them the same car, same house but if it's the individual to make choices it will differs.

[AVE5]

I wouldn't stand here to defend the welfares of the professors who ain't doing right financially because there are lot of people in the streets that their state of being too also matters so also there are graduates who graduated from the universities but could not bust of achieving any nature of earning through their academic certificates.
Instead of agitating for these old folk profs, I'd rather argue about why can't the government create job opportunities for the masses and to those who're skillful to engage on and earn better livings.
Talking about the professors are like when you try to make the riches richer while you yourself still remains poor because I don't think if live was so good for you that you'd prefer and comfortably sitted under the mango tree like a frustrated human without having a roof to get on to.

I believe this story of you happens in the underdeveloped countries which the professors have major roles to play in the governments but they either decides to go low, keep their mouths shuts, hands folded comfortably to say there's no problem, we'd take it anyhow the wave of the government pushes us to. Literally they're dump upstairs loosing their potentials and roles meant to play in advancing the wellbeing of the societies including their potential honouranary influences ought to play on how they could bring solutions for the government and how they can offer soluable opinions to the society at large.
So who's worthy of fighting for them? The youths with muscles or the illiterates or the poors in the streets?
Less I know, the professors from the underdeveloped countries has lost their rights for briberies from the political levels and so they've lost their values and influences in the society.

[retreat]

I don't know about other countries, but in Indonesia a professor seems to have a decent life thanks to the fairly large salary and allowances they receive. Because a professor is quite respected in my country. But maybe it will also depend on what professor the person is in. Because different areas of expertise also allow for different salaries to be set.

Not all professors in Indonesia receive a decent salary for their position. My neighbor is a professor at a campus, he only has an old Inova car and his two children only work as civil servants and bank employees. Even though their parents were professors, this title is not easy for academics to get, but because he only worked at a campus that was not well-known and he only expected a salary from the campus and refused all the gifts from his students, he ended up living an ordinary life.
So not all professors can get a high salary, because depending on the campus they teach at and how they live, a professor can be ordinary or quite rich.

[BD Technical]

A typical daily wage earner should not earn as much as they work hard.  Because you can see that they work as day laborers or earn money, ordinary people, they work very hard, and you make a profit on that work, and you charge a higher price for that work.  In that case, the salary of a day laborer can never be 200,300 rupees, his minimum income should be ten dollars per day.  Because at the level he earns it becomes very difficult to live with his family for a day laborer or a common man to eat day to day or understand how much hardship he has.  Because nowadays people are growing up with daily wage labor very hard or their in-laws or their families are driving them.  But currently, the salary of a common day laborer should be increased and Bangladesh should be made. In Bangladesh, people of very low literacy are living in a difficult situation.

[viananda2525]

The matter is purely speculation, I can even say that measure of appearance is relative to individual believe and choice not on fiat salary or level of income. The level if comfort if well paid professor with a statistics of 5 to 10 will differs because it's individualistic choice if living. Except where the government happened to give them the same car, same house but if it's the individual to make choices it will differs.

I am enough to believe that every job already has a minimum wage standard set by the government. So someone's income has been measured by workload and daily needs. So in my opinion the appearance is not a benchmark that can be used as a reference, because it is very relative. It is very difficult to guess the will and measure a person's level of happiness because basically it is something that is carried out instinctively not to the personal how much money he gathered

[milewilda]

Forthnight ago, I sat down under a mango tree whose blossoming flowers are promising to humanity and birds. It gave a complete relaxation to me which enhanced a moment of reflections over events and nature around.
Barely an hour, two birds most probably male and female arrived to have their launch on the nectar of the flowers. Their arrival was heralded with a peculiar song that seemed esoteric, but it's lyrics was a lullaby to me.
Suddenly, there appeared in the scene a dramatic event. Three men were pushing an unkempt brand old Passat car towards me to be kept under the mango tree. It broke down complete while it was on it's way to the city. It is a property of a university Professor of Political science. In fact, the Professor was among the three men who were pushing the car.
Then, my reflection moved to the circumstances around the Professor. How much is the monthly salary of a Professor and other related allowances as are accrued to them in the midst of plenty. In fact, there monthly take home is meagre and is better imagined than experienced.
Is there Prices determined by the market mechanisms of demand and supply or by an authocratic Fiat of the government, thus what must be done to effect justice on this serious matter.
I would want the public in this forum to contribute.

Actually its obvious that wages would really be something be set up by the government and this is one of the main reasons for people to go overseas if they do find out that their salary isnt really that enough.
In regarding about the car they do possess or on how much they do earn then satisfaction would really be just that depending into a certain individual whether they would really be contented on that
or wouldnt really be having so and this would really be just that on someones way of living. We cant really be able to judge them just because on how they do look and what they do own.
You dont know their backgrounds whether its their passion to be a professor and not minding about those other opportunities that gives out better pay but he/she did really
that choose up on remaining still on what they do have now.

[Tigerheart3026]

Then, my reflection moved to the circumstances around the Professor. How much is the monthly salary of a Professor and other related allowances as are accrued to them in the midst of plenty. In fact, there monthly take home is meagre and is better imagined than experienced.
Is there Prices determined by the market mechanisms of demand and supply or by an authocratic Fiat of the government, thus what must be done to effect justice on this serious matter.
I would want the public in this forum to contribute.

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.

i have no idea about other countries salaries scale for university professor or lecturer. in my country private universities lecturer salary is more then high from public universities,
because government only set base salary for public universities. private universities lecturer got high salary but their job is not permanent, it's disadvantages.

[Agbe]

This is a kind of tale I heard when I was a kid that when one sit under a big tree that is when inspiration comes upon him to write or create innovative. That was nice reaction under the tree. As for the professor, it is a personal decision or a philosophy that he has believed so using a old car as him, he is okay because likely he doesn't want to promote capitalism. A professor can buy a new innovated cars because a professor salary can be $600 to $1,000 monthly and if he wants to buy a car, five months savings can buy him a good condition car. Although that should be depends on the area of his professor. Because not all professors received the same salary. And also the cost of living recently in the country could make a professor to pipe low because if his salary was big enough to buy car in 2022 and 2023, it will not in this 2024 because everything just skyrocket to the up.

As of 2022 and 2023 $1 was NGN400 exchanged with the fiat currency but right now it is $1 is NGN1,600 and it was NGN1,900 last month. So if someone is receiving $600 as salary monthly, it is a small change when you went to the market with it. The best way to solve this issue is to increase salary of civil servants to meet up the present situation. But will the government increases salaries?

[boty]

The matter is purely speculation, I can even say that measure of appearance is relative to individual believe and choice not on fiat salary or level of income. The level if comfort if well paid professor with a statistics of 5 to 10 will differs because it's individualistic choice if living. Except where the government happened to give them the same car, same house but if it's the individual to make choices it will differs.

I am enough to believe that every job already has a minimum wage standard set by the government. So someone's income has been measured by workload and daily needs. So in my opinion the appearance is not a benchmark that can be used as a reference, because it is very relative. It is very difficult to guess the will and measure a person's level of happiness because basically it is something that is carried out instinctively not to the personal how much money he gathered

That's right, of course we will get paid according to the work we do but in terms of a person's appearance it will really depend on a person's personality and if we see someone's appearance is normal but we don't know that they have an income above the average government minimum wage and In terms of happiness, of course we can't know for sure because there are some people who have a lot of problems in their lives but still look normal because they can manage their emotions so they don't look like they have problems in their lives.

[electronicash]

people have money, their wants are bought, not just their needs. if they prioritized their wants, it's those luxurious cars they display in their garage.

people wanna show off their success with the car they own. but just like frank said, we don't know how much debt they have. there wouldn't be rest for those who are just showing off but the ones who can sleep well without worries are the ones who doesn't have debts and are just using the most basic Toyota car.

[kryptqnick]

If a country is fairly democratic and somewhat transparent, you can usually find out the salaries of professors online (not of specific professors if they're not public figures, but of people with such and such credentials and job positions). In my country, universities are generally public, not private, so the salaries are paid from taxpayers' money by the state. So there's no market here, it's just a regulated thing. And the salaries aren't high in my country. But if it's a country where higher education is actually like a business, then salaries and social status can be very different.

[dothebeats]

Sometimes it's based on the negotiations between the professor and the educational institution that they are in.

Professors are paid based on their experience, domain, and how they haggle. There isn't a fixed rule through which their salaries are based on. Also, the cars these professionals drive are not reflective of their salaries. Sometimes, you see a millionaire driving a beat down 20-year old car just because of its value to them, and there are times you see someone who's not earning much but is driving a brand new car.

There's also the effect of networking and connections. It helps influence salary ranges if you know a certain someone in an organization and this person vouches for you positively.

[Stepstowealth]

Then, my reflection moved to the circumstances around the Professor. How much is the monthly salary of a Professor and other related allowances as are accrued to them in the midst of plenty. In fact, there monthly take home is meagre and is better imagined than experienced.

The professor may actually earn well or may have other businesses that they are involved with but because of their mindset towards money and how difficult it was for them to make the money, they are not very liberal in spending and maybe that's the reason why this professor has particularly refused to get a new vehicle and has stuck to driving the old faulty vehicle. I have learnt not to judge people by the clothes they wear, or their shoes, or the cars they drive , or by their phones.