I think your entire set of assumptions about people 'donating' time, that there is an assignable dollar value, making analogies to employees, etc is deeply flawed.
This is a very straightforward exchange - moderators spend time moderating in return for the endorphins and jollies this activity brings them. By 'leave' I mean 'stop moderating'. At any time, any moderator can stop moderating at the loss of nothing more than the endorphins and the gain of extra free time to devote to some other hobby. There is a glut of people who would take up their spot. For nothing. That's where the heavy competition is - lots and lots of people enjoy doing this sort of thing, for whatever reasons. It's not like there is a shortage of internet message boards and in most of them, calls for volunteer mod positions are flooded with applicants.
Reddit is not benefiting from the inexplicable altruism of some sort of rare and highly valuable specialists. And for all their talk, the mods know this too because they did not even threaten with a walk-out, let alone attempt one. Their only leverage was to force their users into this spat with the admins.
The value debate is old and captured in the Diamond-Water Paradox. The TL;DR is that market value and inherent value are different.
As you said, mods are being paid in intangibles. If you log in to a website several days a week to fulfill the responsibilites that come with your position, in exchange for compensation, for years at a time, that's called a job. you may not be an employee but at some point you are working.
I'm not saying we can assign a dollar value to this work, I'm saying we can ballpark an amount of value and we might as well communicate that in dollars. If you'd like we can measure it in millions of hours donated. The magnitude of these numbers alone should make this interesting.
Because reddit has no close competitors there is no market for mods, reddit has a monopoly. Since there is no market to tell us what the value of moddding is we have to guess. If there were a hundred reddits competing with each other for mods we could trust the level of compensation they receive. Glut of supply and only one buyer means compensation will be far under what it would be in a "fair market".
This is an instance of you already deciding which side of this debate you want to be on and then trying to twist into some sort of argument that makes sense.
Very few people are going to buy that moderators are employee's of reddit, and therefore, the dynamic is completely different.
I don't believe you understand what this is an instance of.
I never once said the mods are employees. I pointed out how much what they do would cost if you had to pay people to do what they do. The "debate" is over how value is measured. If you have something new to add please do.
> Reddit is not benefiting from the inexplicable altruism of some sort of rare and highly valuable specialists. And for all their talk, the mods know this too because they did not even threaten with a walk-out, let alone attempt one. Their only leverage was to force their users into this spat with the admins.
This is a very straightforward exchange - moderators spend time moderating in return for the endorphins and jollies this activity brings them. By 'leave' I mean 'stop moderating'. At any time, any moderator can stop moderating at the loss of nothing more than the endorphins and the gain of extra free time to devote to some other hobby. There is a glut of people who would take up their spot. For nothing. That's where the heavy competition is - lots and lots of people enjoy doing this sort of thing, for whatever reasons. It's not like there is a shortage of internet message boards and in most of them, calls for volunteer mod positions are flooded with applicants.
Reddit is not benefiting from the inexplicable altruism of some sort of rare and highly valuable specialists. And for all their talk, the mods know this too because they did not even threaten with a walk-out, let alone attempt one. Their only leverage was to force their users into this spat with the admins.
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