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>we throw the so called "law" of supply and demand into the garbage bin This is like throwing away the law of conservation of energy because you found a perpet
by PurpleBoxDragon 8y ago
>we throw the so called "law" of supply and demand into the garbage bin
This is like throwing away the law of conservation of energy because you found a perpetual motion machine instead of checking inside the machine for batteries.
For example, are we considering how the impact of workers too scared or financially unstable to leave their current job impacts supply? Or how outsourcing jobs, hiring people who can't legally work, and other such changes impact supply?
- LanceH 8y agoWe could just fire 3.2% of the nation's lowest wage earners so unemployment equals Europe's and the average wage would instantly be higher.