Abstract
Some restaurants allow guests to decide how much they
would like to pay for their meals, depending on how much they enjoyed
the experience. It is not counterintuitive to think that such a mechanism
would set a deserved wage. After all, one might think that
how much one deserves depends on how much value one creates for others and that individuals can adequately judge how much value they derive from some good or service. Hence, letting consumers decide what they think
certain goods or experiences are worth would result, in the aggregate, in
a deserved and just wage. In this paper, I will explore and defend this
argument.
would like to pay for their meals, depending on how much they enjoyed
the experience. It is not counterintuitive to think that such a mechanism
would set a deserved wage. After all, one might think that
how much one deserves depends on how much value one creates for others and that individuals can adequately judge how much value they derive from some good or service. Hence, letting consumers decide what they think
certain goods or experiences are worth would result, in the aggregate, in
a deserved and just wage. In this paper, I will explore and defend this
argument.
| Original language | English |
|---|---|
| Pages (from-to) | 144-162 |
| Number of pages | 18 |
| Journal | Erasmus Journal for Philosophy and Economics |
| Volume | 11 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 12 Dec 2018 |