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It's peculiar that left leaning people profess that supply/demand based systems work only in circumstances that line up with their preset beliefs (or more accur
by pxmpxm 5y ago
It's peculiar that left leaning people profess that supply/demand based systems work only in circumstances that line up with their preset beliefs (or more accurately, the narrative they are to express); almost certainly a cognitive dissonance avoidance strategy.
Eg:
Shortage of Y increases prices of Y and higher prices of Y drive consumers to substitute Y with X
but not
XY get paid more than XX for same work, and higher price for XY drive employers to substitute XY with XX
- yodon 5y agoYou're making unfounded assumptions to believe you know the poster's political leaning. All people you disagree with are not by definition "the other side" politically.
- pxmpxm 5y agoRather than anything related to my personal views, there is a pattern of what I mentioned above coming from people that identify as progressive; and certainly the narrative that I alluded to(and the broader idea behind it(1) ) is a progressive cause of late. (1) The notion that certain special-cause voluntarily participated activities are per se exploitative, and others are not, even though the underlying economic mechanics are identical for both categories. It's got all the hallmarks of back-fitting rationale to the narrative. Interesting, though, that everyone seems to have taken "left leaning people" as some sort of invective.
- yodon 5y agoNo one took it as an invective, they simply took it as an unfounded assumption about the political viewpoint of the other participants in the thread on which you were commenting.
- Retric 5y agoI don’t lean left, but many high turnover jobs like flight attendant can be reasonably called overworked and under paid. The line of suckers willing to make video games is a semi-stable situation that exists as a distortion of normal market forces. Companies are more or less forced to overwork and underpay people in jobs which have suckers lining up to fill them. That’s the market forces at work.
- pxmpxm 5y ago"forced to overwork and underpay people in jobs which have suckers lining up to fill them" The first half of your sentence is incongruent with latter half. If you have people lining up for the position, you are demonstrably not underpaying. What you wrote is merely an inversion of the "jobs that americans won't do" fallacy. To bring it all the way around, it was only very recently that Spirit was underpaying people and could not get enough staff. Low and behold, Spirit doubles the comp and presumably attracts more people.
- Retric 5y agoI think you missed the first half of why I was saying. Job turnover is an objective measurement you can take. If people show up to work the job but then quickly quit that’s just a sign of information asymmetry. Which is one of the ways economic systems can get unbalanced. It’s no different than an investment bubble or other situation that takes more than Econ 101 levels of analysis to understand.
- alistairSH 5y agoIt’s weird that some right leaning people think the labor market is a perfect market. It’s not - employers have vastly more power and information than most employees. This is why unions exist - to bring balance to the labor market. Though right leaning people often call that socialism and/or unAmerican. Talk about cog dis!
- toss1 5y agoIt's peculiar that some people insist on ignoring the unequal power relationships in most employment situations, enabling exploitation and/or opportunities to use the corporate structure to implement personal biases, and so insist it doesn't happen.