On Saturday 23 September 2006 10:18, Mario Ruiz wrote:
> You do not seem to place any value on the knowledge component. For
> example, "it cost nothing to adjust the screw, but is $100 to know which
> screw to adjust".

Yes I do. This is why I charge >= $200/hour, yet the farmhand I employ to fix 
my fences only gets $20/hour, or the lady doing the ironing only $18/hour

But I disagree with your example: I would be very happy to tell people "for 
nothing" which screw it is they have to adjust, if it was so simple.

In medicine, pretty much everything is open source (except for our software 
and patended medication). You can grab any medical text book and read up how 
to take out an appendix if you wish. Most people however recognize that some 
tasks require carefully honed skills that have matured over time in order to 
do it well - and this is how a I make my money. 

Not by artificially restricting access to knowledge or shrouding my doings in 
secrecy.

My highest income per hour comes from doing skin flaps after skin cancer 
surgery or treating fractures. I spend much time explaining the patient in 
detail what I am going to do and how I am going to do it, what could go wrong 
and why, and what I am going to do to avoid it. I tell them every little 
detail.  And yet they don't just go, buy a cheap disposable surgery kit and 
do it themselves in order to save a few hundreds of dollars - because they 
recognize that the skills component is lacking.

But in the heydays of snake oil selling charlatans, self medication was the 
way to go.

The software industry could work on exactly the same principle. It would not 
make anybody rich quick, but it would guarantee steady good income 
proportional to the demonstrated level of skills.

Horst
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