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The colonial landowners had a similar problem. Pay the locals a fair wage and they'd quit after only a few hours, having made cash sufficient for their needs.
by swayvil 4y ago
The colonial landowners had a similar problem.
Pay the locals a fair wage and they'd quit after only a few hours, having made cash sufficient for their needs. The landowners weren't getting enough work out of them.
The solution : pay the locals less. Thus they need to work more.
Is that how it goes in USA?
- TrapLord_Rhodo 4y ago>Is that how it goes in USA? C'mon....We are more sophisticated now. We constrain housing supply and ensure high inflation.
- gruez 4y ago> The colonial landowners had a similar problem. >Pay the locals a fair wage and they'd quit after only a few hours, having made cash sufficient for their needs. The landowners weren't getting enough work out of them. >The solution : pay the locals less. Thus they need to work more. It's a nice allegory, but it doesn't make any sense. You're basically claiming that the colonial landowners were so dumb that they were paying the natives well in excess of the market clearing wage? Seems unlikely to me. It's almost as unbelievable as saying that jeff bezos used to pay people $50k/day to clean his house, but the cleaners would stop coming in after the second day, so he paid the workers $100/day instead.