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Old 09-29-2020, 10:02 AM
  #24  
TransWorld
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Joined APC: Aug 2016
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I remember in Cuba, Fidel Castro set the wages of a doctor at 2/3 of a street sweeper. The doctor is inside in an air condrioned office. The street sweeper was doing a dirty, sweaty job. Therefore it is fair doctors get paid less. What happened? Cuban doctors fled to the US.

Not understanding Economic 101 leads to your thinking.

An abundance of workers (more people than jobs), low skill set, little financial risk leads to lower pay. A lack of workers, high skill set, big financial risk taking all leads to higher pay. It is as true for the small store owner as it is for Bill Gates. Bill Gates became a billionaire. His business allowed many of his employees to become millionaires. Many of them would not have become millionaires if the had not gone to work for him, someone like him, or took risks themselves in starting businesses.
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