3 ms·
Supply, Demand. And what is involved here isn't a scarce resource per se. There is no failed minable element, no shortage of fuel, etc. It's simply: increase
by AtlasBarfed 4y ago
Supply, Demand.
And what is involved here isn't a scarce resource per se. There is no failed minable element, no shortage of fuel, etc.
It's simply: increase the price of labor to get more labor. It's very very very very simple. Like, the first fucking day of microeconomics.
- bell-cot 4y agoAnd increase the prices of groceries enough to break even at those higher wages, then watch the total sales plummet, then watch the grocery store go out of business. Interesting point: ~Every time I've chatted much with retail sales help in (well-to-do) Ann Arbor, MI, they seem to live far away, in vastly more affordable (at their wages) locations. Interesting idea: Scale minimum wages according to the cost of readily-available local housing for bottom-end service workers. So the wealthy NIMBY's could either pay stratospheric prices for lawn care, local groceries, restaurants, etc. - or else drive 5 to 35 miles, to stores & restaurants within easy walking distance of the workers.