3 ms·
Like poor people spending 3x commuting compared to rich people is not a problem, right? Market cleared, deadweight loss minimized, freedom from serfdom achieved
by nerdponx 2y ago
Like poor people spending 3x commuting compared to rich people is not a problem, right? Market cleared, deadweight loss minimized, freedom from serfdom achieved, mission accomplished.
Just because someone is maximizing their (ordinal) utility given their budget set, doesn't mean that they're well off by any absolute/cardinal measurement.
That said, nobody here actually said it was a problem for farmers, only that wait times are long. I'm just pushing back on your incorrect pseudoeconomic analysis.
- carlosjobim 2y ago> farmers often have trouble getting a pilot when they need it. That quote made it out to be a problem. If the farmer is wealthy or not has no significance to the effectivity of crop dusting. The same considerations and calculations would be true even in a communist economy.