NYC Could Face Transit Strike Friday

[Dinner]

Originally posted by GePap

Sorry, but I find that hilarious, sicne it does nothing to actually change the number of units in the system, which is a FAR FAR greater issue in terms of overall prices.

There are a lot of examples of elderly old ladies whose kids have left home and their husbands have died yet they still hve the large four bedroom apartment going for the same rent she'd picked the place up for in the 1960's. Then you have the struggling family of four living in the one bedroom apartment because they can't find any larger places. Logic says if people were forced to pay market rates for the space they use then the old ladies would be more likely to get a smaller place and that would free up larger places which families are looking for.

It really does restrict the supply of available units and it forces landlords to charge new tenets vastly higher rents because they're losing so much money on the rent controlled places. It really isn't complicated economics.

[Dinner]

Originally posted by Az
che: ideally, though, I think that some sort of arbitrage would be better suited for handling worker-government employer relationships. After all, there is a major difference between government workers and private sector workers.

It would be nice to see public employee wages some how tied to the average wage for private sector people doing the same job. That would be fair yet still connect the public sector workers to some of the competitive forces which the private sector has to deal with. It seems like this would prevent some of the distortions seen in overly protected union shops like public employee unions have.

[pchang]

except that in many cases there really is no good private sector counterpart to base public employee wages on.

[Dinner]

It wouldn't be perfect but many of them would have counterparts.

[Caligastia]

Originally posted by Az
man, you had the good life. why did you quit?

Because I moved to the U.S.