3 ms·
Pretty disappointed at the "its just supply and demand" rhetoric. Supply and demand curves is an indicator of the market, NOT the ground truth of the market. Po
by syntaxing 6y ago
Pretty disappointed at the "its just supply and demand" rhetoric. Supply and demand curves is an indicator of the market, NOT the ground truth of the market. Policies change the elasticity. Perceived value change the elasticity. Collective bargaining changes elasticity. Consumer changes elasticity. Simply treating the curve as the truth rather than the representation of the current state is extremely disingenuous.
- caturopath 6y agoCertainly, someone can inact policy that reshapes a market. I don't know why we'd care too much about it here. Japan's unemployment rate is 3%: as far as I understand, people are working these jobs because they are their dream jobs, not because they don't have options with better conditions. There are lots of other jobs in the entertainment industry like this - hard work, low pay, long line of people who want them - and I can't find it within myself care all that much about the outcome.