Quote:
Originally Posted by Giggleton
All labor is of equal value in that it contributes in some way to the culture. If there is a bad carpenter and a good carpenter, perhaps the good carpenter should use their time to help the bad carpenter become better.
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Some forms of labour do make greater contributions of society and some labourers are better at their trade. Assigning a monetary value to time also helps tackle other problems. It allows us to make a translation between the value of labour and the value of physical goods. It also allows us to tackle the problem of skill scarcity.