July 30, 2022

Honest Money? (pt 2)

Thanks to everyone who sent in thoughtful replies to my last message about the old adage “An honest day’s work for an honest day’s pay.”

Pretty much all the question and comments I got boiled down to the definitions of some key words, for example:

“It says ‘honest work’ not ‘hard work’…”

And…

“But ‘honest’ means ‘fair’ in this context…”

I love getting thoughtful replies like these because it encourages me to dig deeper into what I’m trying to say, and to better articulate what I am really trying to communicate.

Here are a few things I realized about my assumptions based on conversations with you here on the list:

Anyways…

Semantics aside, my main beef with “an honest day’s work for an honest day’s pay” is that it encourages everyone - both buyer and seller, or employee and employer - TO FOCUS ON THE WRONG THING!

What’s the wrong thing, you ask?

On the work.

The inputs.

The labor.

The time spent.

Here’s the thing…

Someone can work very hard for a long time but deliver little value.

Would it be dishonest (or unfair) to pay a lot more to someone who delivered ten times the results with less effort?

I say no.

Yours,

—J

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