3 ms·
> This is just not sound economics at all. Honestly I think the statements I made are extremely simple. Is it false that low-wage earners are also consumers?
by nilkn 10y ago
> This is just not sound economics at all.
Honestly I think the statements I made are extremely simple.
Is it false that low-wage earners are also consumers?
Is it false that low-wage earners have less money to spend as consumers?
- pm90 10y agoI edited my comment to remove that line.
- nilkn 10y agoThe rest of your post seems to be talking about cases where the market changes and the labor force changes as a result. But we're looking at the opposite, right? We're looking at a direct change to the labor force, and there may or may not be any commensurate change in the market. So I don't see how your example of the transition from agrarian society applies, at least not directly. By the way, I'm asking these questions in earnest -- this isn't a debate to me, and I'm more than happy to "lose". I don't know much about this topic and would like to learn.