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"Okay, and I would like someone to build and operate for me an exact Facebook clone for $5. Since I have made a real offer here, I should also be counted right?

• randomdata 9y ago
  > We're talking about people who do desire labor, but aren't willing to raise their price. No, we're talking about demand. People who have the willingness and ability to pay what it takes to acquire the product or service they seek. Desire alone has no impact on price, and thus has no relevance to this particular thread. > Someone who is offering $12 when the prevailing wage is $14 is clearly in the market. Where are you gathering data that says someone will do the job for $14/hr? Just because someone doing a similar job for $14/hr does not mean someone else is willing to do this particular job for $14/hr, let alone $12/hr. > Since you had to be that ridiculous in your opening, I can't imagine the rest of your post is in good faith. Also known as my example taken to the logical extreme has helped you better understand the situation and the terminology used in economics. Glad that we're on the same page now.