3 ms·
It is also possible that your local regulatory climate makes producing at COL impossible for nearly everyone. If you aren't allowed to do something profitable u
by noonespecial 13y ago
It is also possible that your local regulatory climate makes producing at COL impossible for nearly everyone. If you aren't allowed to do something profitable until you've done a great deal of unprofitable compliance work, you can't produce and so don't. In practice this simplifies to "men with guns won't let you earn enough to live" and it can sneak up on a society.
- jjoonathan 13y agoErr, that's theoretically possible, but I don't think it's nearly as big of an issue. Can you point to an example? Because it seems that there are many more examples of "supply of labor exceeds demand, forcing 70% of the peasants to work for the minimum they can live on rather than the value of their labor, and forcing 30% of the peasants to live on nothing." Was your comment an underhanded jab at minimum wage? In that case I agree that MW is a poor solution, but I disagree that it's a net negative or responsible for the VOL/COL gap.