You are the boss of a company of one. Your company sells labor to the labor market, it makes investments in assets, it borrows funds, etc. It’s your job to decide how that company is run. It’s your job to decide what investments that company needs to make to get good returns. It’s also your job to interpret the contracts your company enters into and decide what is acceptable, and to appropriately risk-manage legal ha…
I sell this commodity on the market, to whom? Business owners, I guess. And this is a weird one: I actually have to sell this commodity on the market, if I want to eat and live and all. So does almost everyone else. But the buyers have other options, so I guess everyone on the sell side basically has to undercut each other til there's no more profit left on our side. What does it mean if I'm not profiting, I sell my labor at the cost of production? Best I can hope for is find an inefficiency and hope to eke out a little bit myself until I can afford to be a buyer? Maybe the whole thing doesn't quite work.
Yeah, I'd say internalizing the, uh, implications of this setup is pretty much a requirement for being a grown adult.