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Can someone please give me his thoughts on this hypothetical situation? Let's say a farmer buys some extra land and instead of hiring 50 people to work on it h
by jedmeyers 13y ago
Can someone please give me his thoughts on this hypothetical situation?
Let's say a farmer buys some extra land and instead of hiring 50 people to work on it he buys a fancy tractor.
- Would it be right for those 50 people to demand from the tractor factory to stop making tractors because they are out of work?
- Would it be right for them to demand from the government the wages they would have received if the tractors were not made in the first place?
- Would it be right for everyone to pay a higher price for food because farmer had to hire 50 people instead of a tractor?