Price Gouging - Fair and balanced, or unfair

[Agathon]

You're an economics major. The Industrial Revolution was caused by, ironically enough, increases in the efficiency of agriculture. Farmers were out of work and came to the city, yes, taking low paying jobs, but fueling an economic revolutionand a huge spurt of innovation that ended up making everyone better off.

Enclosure?

[Kidlicious]

Originally posted by Kuciwalker

Originally posted by Kidicious
Boy, you will believe anything won't you. Tell me one thing that you can't have too much of.

Happiness.

Can't think of anything that helps your argument.

Originally posted by Kuciwalker

There's a little thing called time young skywalker. Do you know how time unemployed effects a person. They hardly ever get the same job back so their skill is wasted. They end up in a low skill, low pay job.

You're an economics major. The Industrial Revolution was caused by, ironically enough, increases in the efficiency of agriculture. Farmers were out of work and came to the city, yes, taking low paying jobs, but fueling an economic revolutionand a huge spurt of innovation that ended up making everyone better off.

And there were periods of severe and prolonged unemployment.

[Solomwi]

Vel: well put

[Velociryx]

::takes a bow::

Thanks man!

And I'm really not trying to be an arse....if it comes off that way, I apologize in advance, but IFRIGGINHATEIT when well-intentioned people think they know better than I do how I should live my life.

-=Vel=-

[Kidlicious]

Originally posted by Velociryx
Okay, but that's not an answer.

Is thinking WORK, or is it NOT work?

How many times do you have to be told something? It's not work. It is time consuming though, and people must be compensated for it. that doesn't mean we will compensate people for coming up with ideas on their spare time or when they are suppose to be working.

Originally posted by Velociryx
And as to my reasons for inventing it...they're my reasons. Doesn't matter what they are, true? Whatever the answer, it doesn't change the debate.

-=Vel=-

We'll just do without your invention, and you can be a big jerk. We'll get by.

[Imran Siddiqui]

And there were periods of severe and prolonged unemployment.

Are you trying to say that it was better before the industrial revolution then, because of those periods of unemployment with the IR?

[Velociryx]

Okay...so thinking is not work.

Your planning committee does a whole lotta thinking then, but no work.

But as you say, they still have to be compensated.

So where do we get the money to pay them?

They're not "working" and so, not contributing to the system you have devised.

The ONLY PLACE I can see to pull funds from to compensate them is to build profit into what we make and sell.

Can you think of some other?

If we do this, are we not exploiting the labor force?

-=Vel=-

[Flubber]

kid

don't you get that giving me extra time off at the same pay would be the same as giving me extra pay

After all I can work at the other widget factory as well-- If each is willing to give me the standard wage for producing the standard complement of widgets and each will give me time off once it is done, I will still get my higher pay-- you just make me do it the hard way rather than paying me for my productivity

[Kidlicious]

Originally posted by Imran Siddiqui

And there were periods of severe and prolonged unemployment.

Are you trying to say that it was better before the industrial revolution then, because of those periods of unemployment with the IR?

Point: Innovation can be problematic in the short run if the development of new products does not keep up with the improvements in efficiency.

[Imran Siddiqui]

Innovation can be problematic in the short run if the development of new products does not keep up with the improvements in efficiency.

But makes up for it and much, much more in the long run, so who cares?

[Velociryx]

And fantastic! So I get to invent stuff in my free time and not give it up to the state. Perfect.

Now what happens when I start using my inventions at work to enhance my productivity.

We're being paid piece work style, so I'm gonna be TONS more productive than the rank and file....and since I get paid by the piece...I get more MONEY!

Now I'm in a position to exploit.....what's the next step?

-=Vel=-

[Kidlicious]

Originally posted by Velociryx
Okay...so thinking is not work.

Your planning committee does a whole lotta thinking then, but no work.

But as you say, they still have to be compensated.

So where do we get the money to pay them?

They're not "working" and so, not contributing to the system you have devised.

The ONLY PLACE I can see to pull funds from to compensate them is to build profit into what we make and sell.

Can you think of some other?

If we do this, are we not exploiting the labor force?

-=Vel=-

We have to provide workers with tools too. Where do you think the resources for that comes from. That's right, consumption. Again, thinking benefits work. It's in the best interest of the worker to devote resources to it.

[Flubber]

Originally posted by Kidicious




We'll just do without your invention, and you can be a big jerk. We'll get by.

Meanwhile in a parell capitalist earth, Vel's invention makes him a multumillionaire. so he builds a new house and employes some staff. The widget factory either produces more widgets or produces the smae at less cost and the resources of the society goes on to other things. Its called progress.

Kid's system, we might as well scrap all the bulldozer's-- after all a 100 folks with shovels could have full employment doing the same work. Who cares that there is a more efficient way to work?

[Velociryx]

Whaaaaat?

How is consumption going to magically generate tools?

IF and ONLY if the value of what is produced is greater than the value of what is consumed will there be a net gain of anything.

That means, by definition, building in profits at the point of consumption (ie - charging more for the consumables than the value of the labor used to produce them). At this point, per your own d@mned definition, we're exploiting the labor force to drive the machine. Which means that what you're advocating is capitalism-with-jackboots.

-=Vel=-

[Kidlicious]

Originally posted by Flubber
kid

don't you get that giving me extra time off at the same pay would be the same as giving me extra pay

They both benefit you, but giving you time off will be easier on the planners often.

Originally posted by Flubber
After all I can work at the other widget factory as well-- If each is willing to give me the standard wage for producing the standard complement of widgets and each will give me time off once it is done, I will still get my higher pay-- you just make me do it the hard way rather than paying me for my productivity

No. You can't go and work in the other factory.