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> But how is this improving the economy? Those workers would have needed lunches anyway. In economics this is called hedonic adjustment. The economy is improve
by anonymouskimmer 3y ago
> But how is this improving the economy? Those workers would have needed lunches anyway.
In economics this is called hedonic adjustment. The economy is improved because the workers value purchasing a lunch more than making their own.
It's cheaper to listen to the radio, or even buy a CD, than to go to a concert. Going to a concert is not seen as economically inefficient.
9 foot ceilings are not seen as economically inefficient compared to 8 foot ceilings. The additional foot is seen as value.
A house made of bricks is valued more than a house made of straw, despite them both functioning equally as well as long as a huffing and puffing wolf isn't around.
Etcetera.