Thread 60772774

Why should an ape hoop player earn orders of magnitude more money than a factory worker?

>>60772774 (OP)
Value isn't created by labor.

>>60772774 (OP)
His labor scales orders of magnitude better that’s why.

Why do CEOs get paid so much? Because a good CEO makes a company billions, a bad CEO costs a company billions. Paying someone 10’s of millions to make you billions doesn’t sound like such a bad deal

>>60772817
FPBP Thread over

>>60772774 (OP)
viewers are incentivized to watch basketball so they can be advertised to. it's like a centralization of advertisement. very efficient use of time and money.
this trick doesn't work if the basketball players are paid a normal wage. the spectacle is watching rich people play a game.
but to answer your question, LTV uses vibes to assign value, which is total crap.

>>60772998
It’s not about watching “rich people play a game” the same effect could be achieved by having violent prisoners do death sports. Think deeper.

>>60772817
how is value realized without labor?

>>60773037
Value is "realized" by the outside world

>>60773031
I don't think you quite understand the psychology of major league professional sports like the NFL, MLB, NBA. Organizations will absolutely promote their newly signed players $250m dollar contract because it raises the perceived value of the player which more people will be will pay to see. It's why D-tier organizations like the Angels always over pay for these over the hill baseball players while bragging about how much they paid them.

>>60773165
we're talking about two different things here. you have an idea for a product or a service. you believe there is "value" that you can siphon off as profit. how do you bring that product or service to fruition without labor?

>>60773037
The Nature is full of unrealized value.
Btw you still can sell something way more expensive than the labor involved on making it, so value is created in the end by markets.

>>60773031
it's called boxing and they are paid quite well

>>60773231
Obviously I need to do labor to do anything. It's the cost of entry. The ticket to ride. The reason for our existence. It's non negotiable.
But it is the idea that has the value, not the labor. Many hardworking start up bros can attest to that.

>>60773206
The government could *literally* have violent prisoners fight to the death for zero dollars in HD sponsored by BudLight and not one prole would give a shit that the prisoners weren’t getting paid anything. Once again think deeper.

>>60772774 (OP)
Demand suppy

not even a nigger or even a basketball fan, but does no one ITT even consider the extreme genetic luck and difficult work it takes to make a professional sports league? Its not even to say its economically justified but if you think logically its a lot easier to just apply for a factory job than to make a professional sports league.

>>60772774 (OP)
because people like hoops so much they are willing to spend hundreds, thousands of dollars watching it courtside, buying merch, watching it on tv with ads, etc.

>>60773310
>But it is the idea that has the value, not the labor. Many hardworking start up bros can attest to that.

labor without a good idea is worthless.
a good idea without labor is worthless.
really makes you think.
>start up bros
let's leave fake niggerlicious """"app development""" out of this discussion. thanks.

>>60772774 (OP)
That is a free market working as it should.
Willing buyers and willing sellers. You can make moral value judgments but that is a you problem.

If enough people wanted to pay to watch factory workers, the market would oblige.

>>60773436
>the free market is infallible
>what's good for the market is good for the goyim
women in the workplace, niggers in the board room, pajeets doing engineering, etc. were all fantastic ideas.

>>60772774 (OP)
The ape hoop player brings in millions and people pay to see them.

Imagine asking dumb questions like this in the age of Ai sloppa

Flaws of the Labor Theory of Value
>Subjective Value
The LTV does not account for the subjective nature of value. Value is often determined by individual preferences and utility rather than just labor input. For example, a rare painting may require little labor to create but can be valued highly due to its uniqueness and demand
>Market Dynamics
The theory fails to consider supply and demand dynamics. Prices can fluctuate based on market conditions, consumer preferences, and competition, which are not directly related to the labor involved in production
>Capital and Resources
LTV overlooks the role of capital and natural resources in the production process. Goods that require significant capital investment or rare resources may have high value despite not being labor-intensive
>Technological Changes
Advancements in technology can drastically reduce the labor time required to produce goods, yet the value may not decrease correspondingly. For instance, automation can lead to lower labor costs but may not reflect a decrease in the perceived value of the product
>Different Types of Labor
The theory does not differentiate between different types of labor. Skilled labor may contribute more value than unskilled labor, but LTV treats all labor as equal in determining value
>Non-Labor Factors
Factors such as branding, marketing, and consumer perception can significantly influence value
>Inconsistency in Measurement
Measuring labor time can be inconsistent and subjective. Different industries and products have varying labor requirements, making it challenging to establish a universal standard for value based solely on labor
>Historical Context
The LTV is often criticized for being rooted in a specific historical context that may not apply to modern economies, where services and intangible assets play a significant role in value creation

I had to cut it off to fit but it keeps going

>>60772774 (OP)
>Name one flaw
Labour is a limited(scarce) resource and its value is subjective by rational but also mostly irrational agents.
>why should sports big monie
It's perceived value because of its revenue. So is investing in the larger scale of things.

>>60773454
imagine earnestly using AI -- largely the product of jews and their indian slaves -- to seek out truth. kek. we're at the most critical junction of our history, where we will observe the beginnings of a divergent evolution: those who rely on AI (nigger cattle supreme) and those who reject it.

>>60773481
I already know the truth, this was just some tedious task, summarizing

>>60772774 (OP)
Its all one big ponzi scheme. Sports should not be taken serious in the western world

Cleveland Browns are close to releasing a major bust (signed a guaranteed 200 million dollar deal) and will incur a 130 million dollar penalty for relasing him.

NFL does league wide reimbursement so your $200 ticket regardless of your team indirectly supports paying these niggers to sit at home

>>60773518
i have no idea what any of this nigger nonsense means.

>>60773481
Actual icedweller mindset.
This is no different from when the early internet took off. There are millions of you, and you're not special just because you disagree with the new thing. You're just misguided, maladapted, and wrong.

>>60773704
the internet didn't intend to supplant my own thinking. we're a few years deep into """AI""" and studies are already showing that people who rely on it are fucking retarded. it's only going to get worse. just look at you -- earnestly defending a paid product that constructs probability weighted sentences based on the scrapings of reddit and quora posts.

>>60772774 (OP)

I watch QTV and I gain more value from that than any garbage Marx put out.

>>60773722
News flash buddy.
Most of the population was retarded before AI.
a few years deep and you really feel those studies are reliable and apply to the entire population. Wow you must have really dug deep and done your research on this, I'm impressed!

>>60773704
>>60773722
mind control over nigger cattle came in three stages. in chronological order:
1. printed text. the least immersive and the highest barrier to entry as it requires the ability to read and comprehend the written word. nevertheless effective, to an extent.
2. television and radio. much lower barrier to entry (no reading necessary) and has the ability to be broadcasted continuously and with an illusion of choice between major networks all owned by a small handful of conglomerates. a major step up from printed text.
3. AI, the final frontier. predetermined opinions constructed from trained inputs masquerading as novel thought borne of human reasoning. totally immersive as, from the perspective of a 65 IQ retard, the illusion is indistinguishable from their perception of reality.

>>60773749
If you're using AI for anything non-technical I can't help you.

>>60773769
it's the least reliable for anything technical to the extent that you already have to know the answer to check it on its bullshit.

>>60772774 (OP)
Productivity is too variable and in general too high and now labor is no longer scarce. It'd be like trying to use grains of sand as money. There's too much of it, people living near the beach and deserts would have too much, and people living elsewhere would have some but not enough compared to the median.

>>60773781
Anything technical is testable.
>you already have to know the answer
Nope, all you need is some background knowledge or to be close to the answer. Using AI correctly just speeds up the learning process.

>>60773037
The sun and oxygen are not created by labor.

>>60773827
let me guess: you're a codetranny. codeniggerdom is the perfect use case for AI because 80%+ of your job is making minor modifications to boiler plate nonsense and testing the LLM-generated code in a dev environment is of no cost, no risk. and if the LLM fucks it up you just keep asking it to tweak it because again, it's imaginary nonsense. there's no raw material scrap cost or wasted resources beyond 'muh heckin valuable dev time' (which is, in fact, so low value, bordering on worthless, that an LLM trained on indian stackoverflow code snippets can augment your output by like 50%.)

>>60772774 (OP)
Value is created through scarcity. Extremely few humans can compete at any level of organized sports. Anyone can work at a factory.

>>60773165
True value is something that actually increases the wealth of a nation (I.e 1+ 1 =2). Nigger ball players do not increase value of a nation, they simply exchange value from one party to the other, the consumer to owner (1 - 1 = 0) in which the owner pays his nigger ball players a portion of the profits.

The only argument for increasing a nations wealth would be if the nigger ball players are extracting wealth from foreigners spending money on watching basketball games but on a global economic scale that is still no net gain in wealth, it;s just extraction, most of the economy is extraction based and not value creation based which is why poor get poorer and rich get richer

>>60772774 (OP)
Because the factory worker generates less value AND is easier to replace.

>>60773841
No I'm a controls engineer.
So you admit that AI excels in this field?
What's the issue?

>>60773865
>entertainment is a scam!!

>>60773856
??? competitive factory work could also exist, with teenage ape ball enthusiasts instead spending their time practicing the assembly of trinkets.

>>60773870
>controls engineer
you're really pushing AI niggerslop code to a production environment? you're not worried about e.g. a distillation tower exploding and killing hundreds of employees? i really hope this is a retarded LARP.

>>60773453
They extract millions, value that was already in existence and concentrate it to the people who own the NBA teams.

There is no creation, it’s all just extraction based economics. The only wealth gained by the USA from basketball is extraction from other nations.

It’s parasite economics which is what most of the economics this world is based off of.

>>60773875
Sports don't make money out of thin air. People have to be enthusiastic about watching them, which attracts sponsorships and drives ticket and merch sales.

>>60773875
Again, scarcity. You can always replace workers, open new factories, invent or implement new technology. You can't just create new athletes, especially at the highest levels. No matter how skilled a factory worker is, it doesn't change that millions of people could do that job. If I can make 100 instruments in a week, and the best most people can do is 10, they can just hire 11 people, replace me, and split my pay accordingly.

>>60773892
You seem to have a very insectoid, perhaps Marxist view of economics. There are forms of value besides raw material and finished goods. People pay to watch sports because they derive entertainment from it.

>>60773917
>you can't just create new athletes
yes you can. it happens every year. every year there is an ape ball draft. despite being only 12% of the population apes make up like 95% of all ape ball players. there's a superabundance of ape athletes.

>>60773873
>Brainlet that didn’t understand my point.

My point is that extraction based businesses doesn’t serve to make a nation richer because they don’t create true value. True value comes from things like mining resources, building infrastructure and homes, farming, etc. This is value creation that increases overall wealth in a nation whereas extraction based businesses only are an exchange, no net positive to a nations wealth.

The problem with modern economics is that we are mostly an extraction base economy. I am not services like entertainment are bad I am just saying that’s it’s only bad when the majority of the economy is extraction based and dog eat dog.

>>60773931
Do you realize they wouldn't be paid millions of dollars if they were easy to replace?

>>60773883
So many words and yet no actual point being made.

>killing hundreds of employees
No I'm not because I'm not a brainlet.
I learned ladder logic before AI so it's not very useful to me in my coding environment.

Again, AI is useful for learning.
What do you personally gain from googling a question versus running it through an AI model.

>>60773932
I don't see how advertising (sponsorships) doesn't make both parties wealthier. The advertiser and the party running the ad both benefit financially.

>>60773931
You are either too stupid to be here, and probably a shitskin, or just baiting.

>>60773937
your retarded logic is steeped in scarcity valuations. ape ball players get traded all the time just as executives are fired and replaced.
>>60773939
i stated "you already have to know the answer" and you rebuffed me with
>Nope, all you need is some background knowledge or to be close to the answer
now you say
>[there's no risk because] I'm not because I'm not a brainlet.
so you already know the right answer, you just said as much. you only use AI to take shortcuts and its (large) potential for nonsense outputs is safeguarded by your hard-earned expectations. i know that controls engineers are generally retards that couldn't hack it in an R&D or product design environment but come on, even you have to see the contradiction here.

>>60773929
You are retarded. Who doesn’t understand what I am saying. I am speaking in terms of wealth of a nation. Somebody spending money to watch entertainment doesn’t add a net benefit to the economy, it simply is a zero net exchange from consumer to owner. It’s extraction based.

Whereas somebody harvesting resources to build infrastructure that will last hundreds of years is a net positive. (I.e growing the pie vs fighting over what’s existing)

>>60773961
i'm not the one passionately opining on the value of nigger af-letes, you kinky haired mongrel beast (or, god forbid, a white niggerball enthusiast.)

>>60773965
But entertainment contributes to social stability and productivity.

>>60773964
>>60773972
Brown hands typed these posts. Likely Mexican.

>>60772774 (OP)
Because people will pay to see him and to use him to sell shit to retards?

>>60773977
blond hair, green eyes, white and freckled skin, german surname. in another life i would orchestrating the mass execution of your niggerkind.

how could Boeing make planes if they pay riveters $100,000,000 a year?

>>60773964
For the third time, AI is most useful for learning.
Why won't you address this point?

You misunderstand, I'm not using AI in my code at all. In my case it wouldn't be a shortcut because I already know what to do.

By the way, niggerslop code is made from niggerslop prompts. Try being more precise and actually learn how to use it.

>>60774020
They can't seem to make working planes for any price.
>>60773997
Jeet ESL.

>>60774037
nothing in my post is ESL you fucking imbecile.
>>60774035
how can AI teach when it is prone to hallucination (no guarantee of a correct answer) and when it can't expound on thought or a line of reasoning (because it can't actually think, it's a probability weighted sentence constructor)?

>>60773975
Debatable, in this Jewish globohomo of subversive goy slop but the point is beyond simply entertainment it’s all extraction based services. Yes I understand they are needed for the functioning of a healthy society but the problem arises when they are 90% of the economy. They should only be like 10-20% of the economy

>>60774037
>They can't seem to make working planes for any price.
ok Airbus then

>>60774079
goyslaves gambling their meager disposable income on niggerball sports betting is good for the gdp, goy.
>DRAFTKANGZ

>>60774068
Try to keep up and think critically here.
Anything technical is testable.
Have you, in your entire life, EVER considered that maybe you were wrong?

Even if AI is wrong sometimes, most of the time it isn't. All it takes is for you to verify which you should have been doing anyway.

>>60772774 (OP)
Quantity, price, supply, demand, elasticity, inelasticity, and most verbötten to Schweinhündchen such as yourself, Veblen goods. Go fuck yourself and die in a fire filthy commie non-human.

>>60773722
Anyone who needs a study to tell them this, let alone one performed on one of the lowest common denominators in society (turks), has bigger problems in their future than passing a math test.

>>60774117
anon your argument is in tatters. it makes no sense. if you are learning something for the first time you don't know how to test it.

>>60774245
You're trying to achieve an outcome.
Does your method achieve that outcome?
Y/N

Test complete.
Thank me later.

>>60772817
yeah
according to you value is created by throwing balls into nets instead
fucking retard

>>60776344
If that has no value, then why do people pay to see it?