Comment Re:When Robots Replace Workers? (Score 1) 628
Human effort is the only thing that requires compensation.
Careful there. Raw materials cost in proportion to their rarity and difficulty in digging them up. Service providers (Banks, ISPs, Telecoms) routinely charge inflated BS fees, which, if charged rationally, would amount to billionths of a cent.Government licensing fees, fines and taxes also have little relationship to reality outside of what the market will bear. In commerce, the relationship between real value and dollar cost is a matter of power politics (CEO vs worker wages).
Careful there. Raw materials cost in proportion to their rarity and difficulty in digging them up. Service providers (Banks, ISPs, Telecoms) routinely charge inflated BS fees, which, if charged rationally, would amount to billionths of a cent.Government licensing fees, fines and taxes also have little relationship to reality outside of what the market will bear. In commerce, the relationship between real value and dollar cost is a matter of power politics (CEO vs worker wages).