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Imagine a desert island with three inhabitants: W, P, & U. They are primates descending from groups inhabiting the savannah. As all the groups of this kind, t
by RobertoG 9y ago
Imagine a desert island with three inhabitants: W, P, & U.
They are primates descending from groups inhabiting the savannah.
As all the groups of this kind, they take care of the group whenever there are enough resources. If they are not forced by harsh circumstances, they don't leave to die of hungry the old. In the improbable case that one member of the group doesn't know how to do almost anything, somebody (maybe the older and experimented P predicting that he will be too old for working someday), will teach him how to do it so the economic welfare of the group improve.
In the other hand, imagine now that the group is made of Homo Economicus. Wait, why are we imagining this? Such creature doesn't exist.
- _benedict 9y agoYou're responding to a totally different point to the one made by the parent. Their point only shows that it is possible to have unemployment and an excess of pensioners. It would have been easier to point out that an excess of pensioners != not enough workers. They're clearly different statements. But the illustration also served the purpose. It did not, as far as I can tell, in any way suggest W should let U and P die, only demonstrated their simultaneous lack of utility for the workforce.
- RobertoG 9y agoFair enough. So, as I understand it, the argument is that unemployed people is unemployed not because the economy is so productive (we have coconuts and water for everybody with very little job) but because they are not enough qualified. In other words, there are not enough qualified workers as demanded, and that is the reason we see real wages going up and up all the time.