Ask HN: In this lockdown period, should the world now evaluate compensations?

In this lockdown period, should the world now evaluate what jobs are really valuable for the society to function and set the compensations of those doing these jobs accordingly?

Define valuable, ideally without invoking Marxist labour theory of value.

The vast majority of jobs have nothing to do with, what I'm assuming you're implying, healthcare and food - the compensation should be set by those who pay for it not someone else.

There are countless jobs that neither you nor I have ever heard of let alone thought about that society needs to function.

Value is subjective. There is no "valuable for society." There is value for individuals, and nobody is more capable of making the decisions about what is valuable than those individuals themselves. Attempting to have some entity decide what is valuable on everybody's behalf is incredibly stupid.

The way to have compensation re-evaluated would be to completely scrap existing regulations which interfere with the ability of individuals to set or request the compensation they determine to be worthwhile for the work performed in a free market. Scrap minimum wage. Get rid of all regulations which protect established companies from competition. There should be no reason you need a barber's license to cut hair.

The labour theory of value has been debunked. Just because it cost so much to produce something, does not mean people are willing to pay more than that for it. All subsidies to enterprises should be scrapped. The market can only operate efficiently if there are accurate price signals. Government intervention in the market distorts the realities and ends up taking money from hard working, low earners, and subsidizing high paying workers, whose products or services are not providing the level of benefit to individuals that they would otherwise voluntarily pay for if they weren't involuntarily subsidizing through forced taxation.

The way out of the mess is to assert your monetary sovereignty and to be the dictator of what you deem to be valuable to you, to your family, to your neighbours, to your country, and to the rest of the world - in that order.

In order to do that, you need to be able to protect your wealth against unwanted theft. Fortunately, there's now a way you can do this: bitcoin.

Such broad statements are bad.

We are now both under arrest.

They are 100% down to negligence of the owner and not the "skill" of some hacker.

The key point for Bitcoin though, is that you should not only secure your keys from physical theft, by utilizing a seed phrase (backed up) and a passphrase (in-brain/shared with family), but also that you should never reveal to anybody the extent of your bitcoin holdings - because if somebody knows what you own, they are vulnerable to theft.

Bitcoin that you own, securely, which nobody knows you own, are not vulnerable to theft.

Hence, you should avoid any KYC service when acquiring bitcoin. If you use an exchange like Conbase, you are explicitly revealing to the State how much bitcoin you have purchased, and they will attempt to steal it off you, like they did with gold in EO6102.

If you do use any such service, and need to untaint your coins, then run them through several coinjoin or payjoin to break the linkage to your identity and have plausible deniability of ownership.