MONEY, WORK & VALUE

[DYOR+BTC]

Value attracts value . That’s why in a space where a particular skill is saturated  there are still folks that will still make good morning with that same skill . For instance you found two graphic designers one has been In the graphic design industry for a while , and the other who took his time to learn and master the graph Skill fully to the point of creating his own unique style of design. And there’s a company looking for a good graphic designer , who do you thing they will go for , they will literally for the best . The one that has completely mastered it and can help them make their brand more visible. In such scenario they won’t bother to know how long the other folk has spent in the industry of graphic designing .

Experience at times is the only solution to most problems,  at some point the real value of one will be identified especially if the person in question has the desired skill required by any organisation.  Just as mentioned,  if two skilled personnels are pushing to secure a job the most equipped among them will be the person to get the job and not the one with excuses, therefore we need not to joke with the opportunity we have because time I know waits for no one.
With the way things are, it should have been known before now that skills are very important and must not be taken foe granted if that opportunity comes.

[tbterryboy]

Scarcity cannot beat usefulness alone, scarcity has to be combined with usefulness to actually beat usefulness. For example, something that isn't scarce but useful will obviously have less value than something that is scarce and useful. However, something that is scarce but useless wouldn't have more value than something that is useful but isn't scarce. I hope you understand what I'm trying to say.

Let's take the example of Bitcoin and any other altcoin. We know that Bitcoin has a limited supply, which means it's scarce, and with being scarce, it is also useful because it is decentralized, it can be used to manage your assets without any third-party, you can make easy cross-border transactions with it, and it also grows in value over time. For this reason, it is very valuable. However, if an altcoin also has a limited supply, maybe even lower than Bitcoin, but it wouldn't have the same functions as Bitcoin, would it be able to gain the same value as Bitcoin in the world? No, because it isn't as useful as Bitcoin.

This is why, even though everything you said is correct, but scarcity can only beat usefulness if there is usefulness involved as well.

[Iroh]

I think scarcity has more or less, always been the measure of the value of goods and services. The more scarce something is, the more valuable and badly wanted it becomes. Yeah, it can be said that time is the real currency in this life. Seeing as time is continuously ticking forward and with seemingly no way to get some of it back, it is extremely valuable. Hence the obvious need to make every second count by doing something you love(positive and cool things!) or being productive for yourself and your family.

As scarcity determines the value of goods and services, it's only logical that jobs that requires some certain skills, skills that aren't had by just anybody, would pay much better than someone who works the cash register at a store. Today, even with an education, it has never been any clearer on the need to acquire some relevant skills if you want to stand out and get noticed.

[Sandra_hakeem]

TL;dr

I suspect that this is a retelling of some kind of parable, movie, or something called a motivational speech.

I suspect the same too. One of the reasons why I didn't even bother to read.

Op spent more time talking in circles and obfuscating the real point of discussion. Definitely made serious readers lose interest on the thread, hence the few replies (excluding the follow-for-follow)

There will always be a choice. Anyone can do the physical work; it's enough to show them once or twice. But to create something, you need talent, education, and, yes, a lack of laziness. You're right about that. Don't waste time, instead create yourself so you become in demand.

I want to add that sometimes, it's not even the laziness. In most third-world countries, as an adult for instance, you can't channel all your energy into being creative in a certain type of way unless, you already have something that produces money for fundings on said career and your daily expenses. Most people have their hands tied to their jobs for the aforementioned reasons and they die with their natural talent.

[EluguHcman]

Let's just imagine you find yourself in a desert, and you have been there for three days without water, And we All know how scorcher the dersert is. And then someone walk up to you holding a cold bottle of water in one hand and a flawless, million dollar diamond on the other hand, which one will you grab?

Someone will just think about this question and look at it to be stupid but I know it is a very sensitive question to know the mind of people on how they values their lives and their interests on making riches.
I won't really blame anyones opinion because for some personal reasons anyone can be making senses from the individuals perspectives.

But if I must say, water is life and it being the substance that will sustain your life in such tight and tough corners like that as your lungs may have been dried with your body system feeling dehydrated, taking water will regain your energy of recovery but if you goes for the money, then you must still need to ask for water if it is possible so that you can revive yourself. Meaning water will always be an option for human consumptions and desires than any other think.

Not just the slaves needs the water but even those who are privileged to freedom in the society.
Life(water) before riches(money).
Water will always be essential to other resources.

[Hamza2424]

Once you see the world this way, everything changes and you will stop asking, "how do I work harder? And start asking, what rare skills can I learn that solves a big problem for a lot of people?" Because in life, your time is the real currency you are born with and the smartest thing you can do is to make sure you don't trade it for a cheap price...

Hmm, bro, you can't just tell the difference in salaries among a coder, a footballer, and a laborer!

I believe that besides scarcity, leverage is also needed, like the rarity or impact of the job. For example, a coder's program will serve millions, and a footballer's match is watched by millions at once, so that multiplier has increased their salaries. Scarcity can't just set the floor here.

But I will also ask you a question that, by the way, is against my point of view, but I want to know what you have to say about it.

The question is, if rarity or impact of the job has anything to do with it, then didn't that laborer who lifted blocks also build the stadiums, software houses, houses, or something that directly contributed to the multiplier that the coder or footballer is getting?

[Opiate32]

I do not think that the market rewards people according to how important their work is. Take for example gamers, teachers and healthcare workers, they all provide services that the society can not do without, still yet many of them earn little. Their work isn’t less valuable, sometimes they just have less bargaining power and operate in a system that doesn’t reward their contribution fairly.
We should have this in mind that the market only determines what people are paid but that doesn’t always determine what their work is worth.

[Royal Cap]

This is actually a very long post and I read it. So here I want to say a little bit that this is actually a little basic human psychology. For example, if you live alone on an island and you are given a billion dollars, your billion dollars are worthless there. The reason is that you cannot exchange it for anything. Then it is a lot like paper.  Similarly, humans create the value of a thing. As you said in your example, diamond. It has no value of its own. Humans have created its value because it is limited. On the other hand, water, which we usually use, we see as unlimited, So we do not consider it valuable.

But here I want to say another thing that, for example, a child of a rich family, eating in a five star restaurant is a normal thing for him, just like a child of a poor family eating in a big five star restaurant is a dream for him.

[Topitar88]

This is actually a very long post and I read it. So here I want to say a little bit that this is actually a little basic human psychology. For example, if you live alone on an island and you are given a billion dollars, your billion dollars are worthless there. The reason is that you cannot exchange it for anything. Then it is a lot like paper.  Similarly, humans create the value of a thing. As you said in your example, diamond. It has no value of its own. Humans have created its value because it is limited. On the other hand, water, which we usually use, we see as unlimited, So we do not consider it valuable.

But here I want to say another thing that, for example, a child of a rich family, eating in a five star restaurant is a normal thing for him, just like a child of a poor family eating in a big five star restaurant is a dream for him.

Your final example also demonstrates personal value vs market value. while those who can afford to dine at a 5 star restaurant on a regular basis will not place too much personal value on the experience, those from a poor background may see it as a very special experience. This shows that personal value isn’t always based on scarcity. Your background and ability to obtain something can affect how much personal value you place on it.

[lovesmayfamilis]

TL;dr

I suspect that this is a retelling of some kind of parable, movie, or something called a motivational speech.

I suspect the same too. One of the reasons why I didn't even bother to read.

Op spent more time talking in circles and obfuscating the real point of discussion. Definitely made serious readers lose interest on the thread, hence the few replies (excluding the follow-for-follow)

There will always be a choice. Anyone can do the physical work; it's enough to show them once or twice. But to create something, you need talent, education, and, yes, a lack of laziness. You're right about that. Don't waste time, instead create yourself so you become in demand.

I want to add that sometimes, it's not even the laziness. In most third-world countries, as an adult for instance, you can't channel all your energy into being creative in a certain type of way unless, you already have something that produces money for fundings on said career and your daily expenses. Most people have their hands tied to their jobs for the aforementioned reasons and they die with their natural talent.

It doesn't only happen where you describe it. This is happening all over the world. Sometimes people could change something, but they don't want to leave their comfort zone. Yes, I agree that there are very difficult life situations, but we know many examples of what a person is capable of if he makes an effort. The environment also plays a big role. Where everything is gray and everyone lives the same way, few people dare to change anything. I mentioned laziness ,it is characteristic of youth. And of course, when such people realize that it's too late to change anything, they go straight from their "lazy" youth into old age. Well, and there... nowhere else, of course...

[danherbias07]

I love that last part. "Your time is the real currency." I strongly agree with that.

Today, a lot of people waste time on social media and other things—Netflix series, sports, gambling, and a lot more. There are so many things that we can do, especially on the internet, and I think many people have been wasting their time here. Honestly, I am one of those people, and it's really hard to resist doing all those things.

I believe that when we value time more, it will be easier to achieve many things. But sadly, there are so many distractions because of the internet.

[Tamaperdana]

I agree with your assumption on this matter. It’s absolutely true that items sold at high prices today such as bags,clothing, and other items—aren’t all that different from the same products sold at lower prices. It’s just that with super-expensive items, there’s a certain value that makes us feel more prestigious when we own them. After all, their practical use is the same—just like with cheap and expensive watches; the point is simply so we can tell the time. This is what makes the world so unique even money,when you think about it,is just paper or a nominal value. But why does money have value? So yes, this world is truly unique.

[Cgrexp]

I agree with your assumption on this matter. It’s absolutely true that items sold at high prices today such as bags,clothing, and other items—aren’t all that different from the same products sold at lower prices. It’s just that with super-expensive items, there’s a certain value that makes us feel more prestigious when we own them. After all, their practical use is the same—just like with cheap and expensive watches; the point is simply so we can tell the time. This is what makes the world so unique even money,when you think about it,is just paper or a nominal value. But why does money have value? So yes, this world is truly unique.

Just because a product is more expensive does not mean that it is better or more effective than a similar product at a lower price. The same can be said about a simple watch and a very expensive watch. The main function of two watches is to show time. The function of a simple bag and a bag from a famous brand is also basically the same. But there is a big difference between them in terms of price. Behind this, not only the quality of the product but also the brand recognition, social status and personal feelings work. People do not always spend money just to meet their needs. Sometimes, buying a product is also about liking it or expressing their position to others. Someone may buy an expensive watch not just to tell time, but the feeling or nobility that they get from using it is important to them. Many people can be satisfied by buying a watch at a lower price for the same purpose. People's views and evaluations of the same product are not the same. A thing may be ordinary to one person, but it may be much more valuable to another. People's needs, financial capabilities and thoughts are not the same. It is not always right to judge the true value of a product by its price or external elegance.

[BTC FutureKing]

I agree with your assumption on this matter. It’s absolutely true that items sold at high prices today such as bags,clothing, and other items—aren’t all that different from the same products sold at lower prices. It’s just that with super-expensive items, there’s a certain value that makes us feel more prestigious when we own them. After all, their practical use is the same—just like with cheap and expensive watches; the point is simply so we can tell the time. This is what makes the world so unique even money,when you think about it,is just paper or a nominal value. But why does money have value? So yes, this world is truly unique.

This is what is important in the world today money work and importance.People are crazy about these things.It is not possible to buy anything without money.You are also right but I believe that there is a big difference between things with less money and things with more money.Those who have less money are not able to buy good quality things but those who have more money prefer brands and also give importance to things that are more quality and strong.You are right.People have started giving importance to things according to their prices and low priced things are bought according to their status.

[bangjoe]

I love that last part. "Your time is the real currency." I strongly agree with that.

Today, a lot of people waste time on social media and other things—Netflix series, sports, gambling, and a lot more. There are so many things that we can do, especially on the internet, and I think many people have been wasting their time here. Honestly, I am one of those people, and it's really hard to resist doing all those things.

I believe that when we value time more, it will be easier to achieve many things. But sadly, there are so many distractions because of the internet.

Time is money that will never come back after you exchange it, everyone has a limited time in life, so it should be doing the best in this world, and yes I am also part of the people who often waste time on useless things this makes upset and regret, even though with that time can be used to study, work, do positive things to increase the quality of life, this digital era the obstacles are bigger because it is all in our hands that we carry every day everywhere.
Sometimes time runs out just like that in a day and is very losing if you don't do something useful, the world is getting narrower, we must still be able to adapt but don't get carried away with a lot of convenience today because that's the trap that will destroy the values that we can actually get.

[Pakistani Shaheen]

Not everything will be priced correctly in the markets. For example, although cleaners, farmers and builders might earn a lot less than a software engineer they're not any less valuable to society.

On the other hand, an employees salary will depend on how rare their skills are as well as their ability to negotiate and what alternatives they have. They may be doing something crucial but have little power to negotiate a higher wage.

Therefore, we can see that sometimes people will make more money but not add as much value to society. We shouldn't take someone's true value based purely on their income.

[trendcoin]

The fact that market value is susceptible to manipulation makes this content more meaningful but also even more disheartening. And perhaps this article also explains why economists hold such divergent views when interpreting economies. The market is often ruthless and lacks a fair mechanism; because it involves so many variables, it cannot be evaluated within a simple forecasting framework. In this regard, many business owners who produced excellent products may have even gone bankrupt in the past due to the market’s ruthless nature. We live in a world where even people with the best of intentions cannot survive...

[justrohman]

I agree that an individual’s skills and ability to produce innovative and creative work are more important than the mere length of time they have spent in a particular field. However, I believe that experience cannot be entirely dismissed; it provides lessons learned from past mistakes, challenges faced, and a deeper understanding of the needs of others. In my view, the best approach is to combine both: continuously honing one’s skills and abilities, using experience as a source of learning and evaluation, and maintaining a willingness to adapt and improve. The professional world is constantly evolving, and those who believe they have already mastered everything risk being left behind. Ultimately, it is not about who has the most experience or who is the most talented, but rather about who is capable of continuous growth, hard work, and delivering tangible value. 

[Abdul Sami786]

I do not think that the market rewards people according to how important their work is. Take for example gamers, teachers and healthcare workers, they all provide services that the society can not do without, still yet many of them earn little. Their work isn’t less valuable, sometimes they just have less bargaining power and operate in a system that doesn’t reward their contribution fairly.
We should have this in mind that the market only determines what people are paid but that doesn’t always determine what their work is worth.

No job is more important than another in society which can be measured by income.Arduously some earn much and some earn little.For instance for teachers they're teaching the coming generation and for doctors they are saving the lives of people but their work is not valued monetarily.This is because all individuals are not equal in terms of their chances of getting a higher price for their labor.Hence it is not sufficient to judge the value of a man and his work by his income as income only expresses the value of his job but not his real value

[Webetcoins]

This is a very interesting point of view because, realistically, money is only valuable under certain circumstances.

Under certain circumstances? No, that can't be but many always say that money solves everything. I always saw a video about this on social media sites tho. It is not just limited to a meme or what but I also believe on this for real, since this is also what I observe in my surroundings. It was like each move you do, always requires a money.

Just as you said, in a situation where the world is on fire, it may no longer matter how many assets you own. Everyone will start looking for valuable things they can trade for survival. We can see this happening during times of war.

Indeed, this shows that wealth may be valuable at certain points in life but not necessarily at all times.

That is why you should focus on building not just wealth but also a meaningful life while chasing money, so you can have something valuable beyond just financial success.

Like a wildfire or forest fire that occurred last time on Indonesia. I heard many wants to leave that place because the fire is so severe and life threatening already but I also heard or see that many can't possibly do that because they lack in money. Money is also needed to buy basic equipment like mask or even food, medicine, etc.. since relief operations may not always be there, or are shortened in stocks, and other reasons... 

Maybe instead say that the assets we own can matter depending on the calamity that we are facing. In fires, a paper money can still be burned down easily. So solid assets like gold can win on here. A building or a real estate may also survive. But if you mean building a meaningful life, that is also important because there is an end game in life (death). It is the point where we can not carry all the physical things we have but we can always be remembered for the all meaningful things that we have done on this world.