3 ms·

A free market without political intervention is at least as much of a myth. If employees don't engage in politics with concepts like "fair wage" and "underpaid"

A free market without political intervention is at least as much of a myth. If employees don't engage in politics with concepts like "fair wage" and "underpaid", employers certainly will with concepts such as "bottom quantile wages drive inflation". The Nash equilibrium is for both sides to engage in the market but also in the political context the market is embedded in. So complaining about workers demanding higher wages instead of letting the market sort it out is pointless, regardless of your political convictions.

mrangle 3y ago
I noted that there were two sides. Explaining it doesn't advance the conversation. "...in the political context the market is embedded in" is nonsense, especially when appealing to the "market sorting it out" in the next breath. Which argument are you recruting? Political intervention or the free market? Both? That's nice hand waving, no offense. Seemingly to make it as if your position is so elevated that it satisfies all political ideals. Instead, choose. Unless you mean to imply that the (free) market is also the political market. But your language should be a lot more precise if that's your point, so as to eliminate the look of vague line straddling as a rhetorical tactic. Your rebuttal over-simplifies my response and therefore seems like a word dump. Your view, absent your muddled (imo) rationale described above, is included in my response. The complicating factors were a). the common simultaneous advocacy for importing millions of unskilled workers and b.) the implied fact that increasing wages decreases available jobs. Those factors are included in my total "complaint" (observation). Which is not a "political conviction".
- phreeza 3y ago
  Re-reading your comment I think we actually have the same understanding of the dynamic, I think I misread "immortal" as "immoral" before which gave the comment a quite different vibe. > "...in the political context the market is embedded in" is nonsense, especially when appealing to the "market sorting it out" in the next breath. I meant: complaining about (workers demanding higher wages instead of letting the market sort it out) is pointless Not: (complaining about workers demanding higher wages) instead of (letting the market sort it out) is pointless. Agreed my wording could have been more precise there.

mrangle 3y ago

I noted that there were two sides. Explaining it doesn't advance the conversation. "...in the political context the market is embedded in" is nonsense, especially when appealing to the "market sorting it out" in the next breath. Which argument are you recruting? Political intervention or the free market? Both? That's nice hand waving, no offense. Seemingly to make it as if your position is so elevated that it satisfies all political ideals. Instead, choose. Unless you mean to imply that the (free) market is also the political market. But your language should be a lot more precise if that's your point, so as to eliminate the look of vague line straddling as a rhetorical tactic. Your rebuttal over-simplifies my response and therefore seems like a word dump. Your view, absent your muddled (imo) rationale described above, is included in my response. The complicating factors were a). the common simultaneous advocacy for importing millions of unskilled workers and b.) the implied fact that increasing wages decreases available jobs. Those factors are included in my total "complaint" (observation). Which is not a "political conviction".

phreeza 3y ago
Re-reading your comment I think we actually have the same understanding of the dynamic, I think I misread "immortal" as "immoral" before which gave the comment a quite different vibe. > "...in the political context the market is embedded in" is nonsense, especially when appealing to the "market sorting it out" in the next breath. I meant: complaining about (workers demanding higher wages instead of letting the market sort it out) is pointless Not: (complaining about workers demanding higher wages) instead of (letting the market sort it out) is pointless. Agreed my wording could have been more precise there.