Tom Thought • 39 implied HN points • 26 May 23
- Every good or service has a fair price, whether it's labor dependent on skill or a product based on cost of parts and labor.
- There is no definitive 'fair' price, only the market price determined by what people are willing to pay.
- Value of a product depends on consumer demand, not just on the labor or materials that went into it. Pay isn't determined solely by skill, but by usefulness and rarity of the skill in demand.