The person that sewed your jeans makes $2 an hour, the electrician the comes to your house makes $200 an hour. This is 2 orders of magnitude in difference.
Our world view becomes skewed.
My employer used to rent me out for a $1000 dollars a day plus expenses, now it is $1,200 a day.
I know all this is screwy but one thing to keep in mind. It is a lot more difficult to do economies of scale with inperson service work vs a traditional factory.
The person that sewed your jeans makes $2 an hour, the electrician the comes to your house makes $200 an hour. This is 2 orders of magnitude in difference.
Our world view becomes skewed.
My employer used to rent me out for a $1000 dollars a day plus expenses, now it is $1,200 a day.
I know all this is screwy but one thing to keep in mind. It is a lot more difficult to do economies of scale with inperson service work vs a traditional factory.