Obama wins, saves economy single-handedly while defeating economy-hating Republicans

[KrazyHorse]

But I don't think its wrong to state that conditions should be better and it isn't an ideal situation.

I think that poor people should be richer. I don't think that hiring poor people means I have a moral obligation to help them that not hiring them would lead to...

[KrazyHorse]

I don't think you actually could force radical change. If you tried passing decent labor laws in one country, they'd simply pull out and build a new factory someplace else, because all sweatshops require is a sizable pool of unskilled workers. The economy of the country would tank, and the whole thing would be seen as an object lesson on the follies of intrusive government regulation.

But I still think it's pretty icky.

Elok, even if there were only two countries, country R (rich) and country P (poor), PASSING LABOR LAWS (MIN WAGE, ETC) IN P SIMPLY MEANS THAT LESS OF THE PEOPLE IN P WILL BENEFIT FROM TRADE WITH R.

The only way a supplier can raise the price of a good is by restricting the supply below the market-clearing quantity.

Country P can't magically shift the demand curve for its labor...

[Hauldren Collider]

Democrats want to keep poor people poor

[KrazyHorse]

KH won't read what I've said, and pretends I've said things other than I have instead so he can have something to argue with. /shrug.

I won't read everything you've written because your posts are generally inflated (lengthwise) and vacuous.

KH is the one making assumptions about what an employee here is worth without understanding the market conditions. As for myself, I pay my workers what I feel benefits the business most

Funny, because what I originally quoted was this:

HC, this is not the zero sum game you are pretending it is. If I pay my worker an extra $ a day, I neither create or destroy value unless I presuppose that I am better able to use that $ than my worker or vice versa.

Which is, as previously stated, utter nonsense. You're making some kind of marginal utility argument based on excess wages being a pure transfer. I've demonstrated that excess wages destroy welfare because they represent a rent (and rents are dissipated through rent-seeking behavior when the rent is associated with an activity with non-zero elasticity).

Either defend this claim or admit it was mistaken.

I have no problem with you paying more than prevailing wages for unskilled labor if you believe it confers some sort of advantage to your profitability. This is NOT what you claimed in the above quote.

[Aeson]

You are reading too much into "extra". I simply mean it as more [than the market], as in HC's post[s] I was responding to. Here it is again:

"What I just explained was that the third option, paying them more, makes things worse."

You've ignored all subsequent statments of mine as to why I feel justified in paying that "extra". It is simply not a zero sum game that HC is talking about. There are justifiable reasons for paying them more... and doing so does not make things worse... it makes things better.

For example, I don't have to have a prison style fence with armed guards around my farm. Seems a little more efficient that way...

[SlowwHand]

I want to pay more than the competition. Treat them well. Let them expand. I want people to want to be there. What's the motivation to do a good job when you're little more than slave labor?
Make it where people want to stay, want to do good work, so that they can stay. If you treat the help well, it's worth it. You have a better choice of applicants.

[Ogie Oglethorpe]

I want to pay more than the competition. Treat them well. Let them expand. I want people to want to be there. What's the motivation to do a good job when you're little more than slave labor?
Make it where people want to stay, want to do good work, so that they can stay. If you treat the help well, it's worth it. You have a better choice of applicants.

Your simply a softie who wants everyone to like him, in a word a push over. Hence the reason it extremely likely that the so called better choice of applicants will take advantage of you and not work to their potential.

[Aeson]

At one farm I visited here, I saw a worker take at least 15 minutes digging a hole for a transplanted vegetable. During part of that time the foreman was standing there, happily talking to me, a competitor, about where to purchase drip tube. It was the most efficient farm on the island I had seen, because of modern equipment. Their yields and quality of produce still sucked though. It's been bulldozed (at least most of it) recently. So I guess I should try to duplicate their business model?

The workers at our farm transplanted about 1000 pechay each the other day. Among other things.

[GePap]

So is the lesson here that Filipino farmers aren't good at economics?

Thanks for the info

Just saying, but I don't think anything you described is a counterpoint to anything I have said.

given how horrible most economist have been doing in explaining the current economic situation or coming up with models that they can then use to make useful predictions on the next 6 months, most economists don't seem to be very good at economics either.

At least Filipino farmers produce something tangibly delicious.

[Hauldren Collider]

given how horrible most economist have been doing in explaining the current economic situation or coming up with models that they can then use to make useful predictions on the next 6 months, most economists don't seem to be very good at economics either.

At least Filipino farmers produce something tangibly delicious.

This is like saying "because Physicists have not yet come up with a compelling unifying theory for Quantum Mechanics and Relativity, Ben Kenobi is a better physicist because his physics answers are ****ing hilarious."

Yes they are ****ing hilarious but they're also incredibly wrong and BK one of the most atrociously stupid people I've ever had the misfortune of reading.

[GePap]

Your simply a softie who wants everyone to like him, in a word a push over. Hence the reason it extremely likely that the so called better choice of applicants will take advantage of you and not work to their potential.

The average person has no way of knowing what their "potential" is, and I think most other people would be rather bad at judging either.

I find any system built on the assumption of human rationality to be a little irrational given what I see as massive amounts of evidence that most people behave emotionally and then attempt to create rationalizations for their emotional acts.

[GePap]

This is like saying "because Physicists have not yet come up with a compelling unifying theory for Quantum Mechanics and Relativity, Ben Kenobi is a better physicist because his physics answers are ****ing hilarious."

Yes they are ****ing hilarious but they're also incredibly wrong and BK one of the most atrociously stupid people I've ever had the misfortune of reading.

You really can't read, can you?

Did I say Filipino farmers were better economist than economists? No. I said economist themselves aren't very good economist - which is pretty easy to see given how ****ty their predictions are.

Of course, you are one of the folks that probably follows all those economists who predicted months ago that high federal deficits would lead to inflation and higher yields on US treasuries as Bond vigilantes went after the US. How are those predictions working out? Oh, and weren't these the same geniuses that claimed that there was no housing bubble? No, those were the heads of some of the major Banks....

Please do us a favor and do something worthwhile, like picking pepper for Aeson in the Philippines.

[Aeson]

Please do us a favor and do something worthwhile, like picking pepper for Aeson in the Philippines.

I promise that if HC does so, I will forgo my welfare destruction as much as possible while he is under my employ.

[C0ckney]

[Hauldren Collider]

Sorry, I'm too busy getting paid more in an hour than your filipino farmers make in a week while sitting in a chair all day long.

AND I'M HALF THEIR AGE.