Understanding wages, labour and value (the Hayekian pov).
"The remunerations which the market determines are, as it were, not functionally related with what people HAVE done, but only with what they OUGHT to do. They are incentives which as a rule guide people to success, but will produce a viable order only because they often disappoint the expectations they have caused when relevant circumstances have unexpectedly changed. It is one of the chief tasks of competition to show which plans are false." - Hayek
This point is just SO important and helps to, among other things, undermine labor and other cost of production theories of value. But it is so much more than that. To understand wages and the prices of other inputs as telling us what we OUGHT to be doing rather than rewarding us for what we HAVE done is to really understand how markets work and what prices do. And why we can't live without them.
Input prices and wages signal us where value is believed TO BE found. (Note the tense.) They are not rewards for merit or hard work or luck in and of themselves. Continued employment and its remunerations are indicators of creating value for the purchasers of outputs. It's that simple and that important.
Most people do the minimum work not to get fired. Most employers pay enough to keep the employees from leaving.
but most employers pay less than the value inputed and this means they are cheating or short changing the worker
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interesting point of view. but offer is not considered. if offer is big the prices will fall.