At 17:45 26-1-02 -0500, John Giorgis wrote:

> >> Are you saying that no matter what people are paid, they should be
> >> satisfied with what they receive?
> >
> >That would be a pretty stupid thing to do. Imagine that you get a college
> >education, which causes you to build up a debt of say, USD 40,000. If you
> >then accept minimum wage, how are you ever going to pay off your debt? You
> >will have a hard time paying off the *interest*, let alone paying off the
> >main sum.
>
>Let's say that someone rings up a US$40,000 debt (highly unusual, I might
>add - I rang up only $25,000, and I attended a fairly expensive private
>school) getting a degree in Physics, and then takes a job as a High School
>Science teacher.
>
>She should not then expect to be paid a higher amount as a teacher simply
>because of the amount of debt that she has.   She should be based on the
>value of her work, and how much the community values the service of
>Teaching High School Science.
>
>Therfore, I would argue that your example is meaningless, as the worth of a
>worker is not determined by the amount of debt that one has.

I was not arguing that someone's worth should be determined by the amount 
of debt that person has. I was arguing that it would be stupid to accept 
minimum wage if that would mean that you will not be able to pay off your debt.


Jeroen

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