# Fair Compensation **Domain:** Economics / Human Dignity **Doc Type:** Concept Node **Maturity:** Developed ## Definition **Fair Compensation** is payment that recognizes the real labor, skill, cost, risk, and sustaining needs involved in producing useful work. ## Mechanism and Practice Fair compensation allows makers and small enterprises to continue serving. A living price is not evidence of greed; it is part of the infrastructure through which craft, independence, and local economic diversity remain viable. ## Relationships - **Related concepts:** [[wiki/Behavioral Pricing|Behavioral Pricing]] · [[wiki/Human Dignity|Human Dignity]] · [[wiki/Social Capital|Social Capital]] ## Simple Reminders, Quotations, and Thoughts > “Many people happily pay large brands yet criticize neighbors for charging fairly. Small business owners are often accused of greed for pricing their work at a living wage. Recognizing this double standard helps people support local creators.” > **— Bryant McGill**, *Craft, Value, and the Recovery of Fair Compensation, Part 1 - Livestream (Nov 2016)* [[reminders/Behavioral Pricing/Local Creators Deserve a Living Wage by Bryant McGill|Local Creators Deserve a Living Wage by Bryant McGill]]