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Yeah that's called Neoclassical economics, I don't doubt it's true. The question is whether the "shortages, abuse, or other issues" are worse than very-high un
by j_timberlake 1y ago
Yeah that's called Neoclassical economics, I don't doubt it's true.
The question is whether the "shortages, abuse, or other issues" are worse than very-high unemployment scenarios in futures where the value of human labor has dipped below labor costs. It's probably going to get ugly no matter how the government tries to intervene, but it would be great if we knew ahead of time which interventions are better than others.