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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
by 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 agoBecause 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 agoSure, 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!