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If a business is half fixed costs and half profit, then cutting their revenue in half will cut their profit to zero. Speed limits are a good counter-example th
by manwe150 5y ago
If a business is half fixed costs and half profit, then cutting their revenue in half will cut their profit to zero.
Speed limits are a good counter-example though, where they can provide a baseline expectation (eg mask wearing is good in crowded places) and then begins the negotiations from there for what is expected social behavior.
- eli 5y agoThat's perhaps an argument against lockdowns, but not an argument that lockdowns don't work because of noncompliance.
- manwe150 5y agoI did not mean to imply it was an argument either way. I meant it more as a way of demonstrating that we need to be careful to be precise about the actual relative impacts of each option, since they each have non-linear side-effects (including rates of compliance). So we should not get caught making absolute statements that something is always better or that it never works in this case, but instead look at the Pareto optimality frontier for each particular region when making policy recommendations and analysis.