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The government paying people to not work has nothing to do with this oft-misunderstood "invisible hand" metaphor. I'm not sure why people think that a barber i
by mynameishere 5y ago
The government paying people to not work has nothing to do with this oft-misunderstood "invisible hand" metaphor.
I'm not sure why people think that a barber is somehow able to compete with the infinite resources of the government hellbent on idling labor capacity. Very few rational people will work for 25/hour if they can sit and watch TV for 20/hour. Saying "pay more" is not helpful in that situation. The labor pool is basically limited to those who have enough foresight to realize the gravy train might end.
- ineedasername 5y agoAnother way to put the same observation is that, given the choice, people will sacrifice a little bit of income in order to avoid working a crappy job.