3 ms·

I'm surprised we don't hear about 'cheap iphone shortage'. Somehow the laws of supply and demand are well fitted to price products (produced by those holding c

I'm surprised we don't hear about 'cheap iphone shortage'. Somehow the laws of supply and demand are well fitted to price products (produced by those holding capital) but not labor (produced by ordinary people)

damnyou 7y ago
Yep, that's exactly right. Labor does not behave like ordinary goods.