The answer to life, the universe and everything

[xoggoth]

In a free market people are "worth" what they actually earn, not a penny more, not a penny less. Any other measure is meaningless.

[Jabberwocky]

In a free market people are "worth" what they actually earn, not a penny more, not a penny less. Any other measure is meaningless.

Not even slightly true: if I pay you £500 per day and you make me £600 per day and overheads are £100 per day you are worth pretty much nothing to me, other than potential and as a contractor you have no potential.

[thunderlizard]

So if he's not worth £500/d, why are you paying him £500/d?

[hyperD]

Not even slightly true: if I pay you £500 per day and you make me £600 per day and overheads are £100 per day you are worth pretty much nothing to me, other than potential and as a contractor you have no potential.

Then as a JabberJocky PM with those figures, you're fired!

[Jabberwocky]

So if he's not worth £500/d, why are you paying him £500/d?

I am not for any length of time. The point is your "worth" is not what you earn, but what you make your employer - in the private sector of course. Salary costs are not what defines the value of employees - it is their capacity for wealth generation or supporting wealth generation.

Those in IT should remember this when their work is outsourced. It is not their £500 p/d rate that makes them of value to the company.

[IR35 Avoider]

Salary costs are not what defines the value of employees - it is their capacity for wealth generation or supporting wealth generation.

I hope you will be writing an open letter to the Economics professors of the world explaining the error in their thinking.

[expat]

I hope you will be writing an open letter to the Economics professors of the world explaining the error in their thinking.

Seems logical to me. Your rate is your cost, not your value.

[DodgyAgent]

I am not for any length of time. The point is your "worth" is not what you earn, but what you make your employer - in the private sector of course. Salary costs are not what defines the value of employees - it is their capacity for wealth generation or supporting wealth generation.

Those in IT should remember this when their work is outsourced. It is not their £500 p/d rate that makes them of value to the company.

SausageJockey your "worth" is what someone is prepared to pay you, live with it.

[DodgyAgent]

And I'm merely stating facts.

Liar, you are stating your interpretation of something that you assume. Your "facts" are actually your prejudices.