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Huh, perhaps Samsung should double Apple's prices. By your logic, that should make them wildly successful, no? A better example of quantity demanded paradoxica

Huh, perhaps Samsung should double Apple's prices. By your logic, that should make them wildly successful, no? A better example of quantity demanded paradoxically increasing with price is in the designer hand bag market. The value of luxury goods is in part due to the signal they send that the owner can afford such an expensive item. However, that is just an exception proving the rule. Your point about Apple makes no sense because they've also increased the quality of the goods they ship in conjunction with their price. Unless you're suggesting that minimum wage laws somehow enhance the laborers' productive capacities.

toyg 2y ago
> minimum wage laws somehow enhance the laborers' productive capacities It's even in TFA: higher wages means lower rotation, which means less constant re-training from scratch, which means higher output quality.
- nosefurhairdo 2y ago
  If the increased productivity from wage increases offset the price, why would you need the price control in the first place? You could start a business and have a competitive edge by offering low-skilled workers relatively high wages.
  - toyg 2y ago
    Because businessmen are men, and men are greedy and scared before they are rational. Most people will invest 5 to get 10, instead of 10 to get 30.
    - nosefurhairdo 2y ago
      Sure, but you are rational and see an opportunity to beat the market full of dumb, greedy men! I'm poking fun at the line of reasoning of course. Those who find the opportunities to invest 10 for 30 tend to win in a free market system. That is the beauty of competition. Merry Christmas!
      - toyg 2y ago
        > but you are rational and see an opportunity to beat the market Yeah, I only need a few millions to invest /s > Those who find the opportunities to invest 10 for 30 tend to win There are so many factors at play, in a modern "free market system", that believing simple principles will always apply perfectly is just another ideology. In any case, very few businessmen will ever admit that paying more for labor can have good results - even when they directly benefit from those same results - because most of them fundamentally resent having to pay for it in the first place. And so ideology prevails. Merry Christmas to you too!

toyg 2y ago

> minimum wage laws somehow enhance the laborers' productive capacities It's even in TFA: higher wages means lower rotation, which means less constant re-training from scratch, which means higher output quality.

nosefurhairdo 2y ago
If the increased productivity from wage increases offset the price, why would you need the price control in the first place? You could start a business and have a competitive edge by offering low-skilled workers relatively high wages.
- toyg 2y ago
  Because businessmen are men, and men are greedy and scared before they are rational. Most people will invest 5 to get 10, instead of 10 to get 30.
  - nosefurhairdo 2y ago
    Sure, but you are rational and see an opportunity to beat the market full of dumb, greedy men! I'm poking fun at the line of reasoning of course. Those who find the opportunities to invest 10 for 30 tend to win in a free market system. That is the beauty of competition. Merry Christmas!
    - toyg 2y ago
      > but you are rational and see an opportunity to beat the market Yeah, I only need a few millions to invest /s > Those who find the opportunities to invest 10 for 30 tend to win There are so many factors at play, in a modern "free market system", that believing simple principles will always apply perfectly is just another ideology. In any case, very few businessmen will ever admit that paying more for labor can have good results - even when they directly benefit from those same results - because most of them fundamentally resent having to pay for it in the first place. And so ideology prevails. Merry Christmas to you too!