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What? Resource scarcity should discourage things like this by encouraging people to maximize profits. If I only rent my house to whites, it limits my market. My
by monochromatic 10y ago
What? Resource scarcity should discourage things like this by encouraging people to maximize profits. If I only rent my house to whites, it limits my market. My neighbor who's willing to rent to anybody is more likely to be able to get bookings and more likely to get more money.
- weberc2 10y agoDiscrimination in business is likely predicated on the belief that people of group X are more likely to damage your property than people of group Y, and that the risk is great enough to avoid doing business with group X altogether, even though it means a smaller pool of potential tenants/customers.
- api 10y agoThat would be a rational response. The psychology here is not rational and is based on evolution under conditions where small tribes competed for scarce resources over a wide area. Scarcity -> Identify a vulnerable out group -> Attack out group and steal their hunting grounds Our brain stems don't know what millennium they are in.
- googletazer 10y agoIn the long term your prediction will be correct - those willing to rent to anybody will acquire more money, and eventually might be able to boot out the other more "choosy" party. A virtuous monopoly of sorts. I was talking about the unconscious worry about resources and survival, not the rational economic kind.