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The price of turkey would go up, people will stop buying as much of it, kids in schools would go hungry. Eventually pig farmers will figure out a way to make po

The price of turkey would go up, people will stop buying as much of it, kids in schools would go hungry. Eventually pig farmers will figure out a way to make pork-based-turkey, hire those workers, feed the kids, and overtake the turkey market. The demand for turkey will dry out, the plan will do a few rounds of layoffs and eventually shut down. As the result, people in town will lose jobs, will stop paying rent, will lose homes and move to a better place with more opportunities. Supply and demand is a wonderfully simple system that regulates itself, and as much as it sounds appealing, us messing with it will only make things worse.

CyberDildonics 5y ago
Did you really just say that kids in schools would go hungry if a turkey factory paid enough that locals would work there? Did children go hungry in the 80s when this person says that the turkey factory paid people well?
NegativeLatency 5y ago
If you can’t pay your workers fairly and remain solvent then that’s not a business I want to exist.
Jarwain 5y ago
That's a pretty big leap, from people not buying as much turkey to kids in school going hungry. Sure supply and demand would state that if the price goes up, demand goes down. What it Doesn't state is how much demand will go down, whether that decrease in demand Actually offsets the increase in price, or whether total revenue stays net neutral. Whole swathes of people wouldn't just stop buying turkey if the price went up a few cents, or maybe even tens of cents (but this is speculation, I'm not sure if anyone's published the numbers on how much the price of turkey would have to increase to support a higher wage). But people buy turkey over pork for a number of lifestyle reasons, too. Suppy and demand is more of a model than a system. It's not perfect, no model is, but it's useful. But life is a lot more complicated than a simple model

CyberDildonics 5y ago

Did you really just say that kids in schools would go hungry if a turkey factory paid enough that locals would work there? Did children go hungry in the 80s when this person says that the turkey factory paid people well?

NegativeLatency 5y ago

If you can’t pay your workers fairly and remain solvent then that’s not a business I want to exist.

Jarwain 5y ago

That's a pretty big leap, from people not buying as much turkey to kids in school going hungry. Sure supply and demand would state that if the price goes up, demand goes down. What it Doesn't state is how much demand will go down, whether that decrease in demand Actually offsets the increase in price, or whether total revenue stays net neutral. Whole swathes of people wouldn't just stop buying turkey if the price went up a few cents, or maybe even tens of cents (but this is speculation, I'm not sure if anyone's published the numbers on how much the price of turkey would have to increase to support a higher wage). But people buy turkey over pork for a number of lifestyle reasons, too. Suppy and demand is more of a model than a system. It's not perfect, no model is, but it's useful. But life is a lot more complicated than a simple model