What is the dollar value of...

[Kidlicious]

And partly it's that posters like KH are accustomed to arguing in concrete facts,..

WTF?! He's full of ****.

[Solomwi]

Wait, did the speenhamland thing give money to people who didn't work? I thought it was just wage supplements for people who did work to make sure they could afford to buy bread.

According to curtis's description, the unemployed got paid, too. Since I was pointing out his internal incoherence, I neither know nor care whether that was actually the case.

[flash9286]

Flash thinks that wages will increase above 3 shillings due to competition in the labor market, which is absolutely absurd: there's a reason that this didn't happen and that history doesn't coincide with his account of what would happen. Competition in the labor market is why the wage went far below 3 shillings before Speenhamland: labor supply greatly exceeded demand (mainly due to the commodification of land, farmers and as well as others who lived on the commons were forced out of the countryside and needed work), so wages were extremely low. Speenhamland was supposed to be the solution for this, since it would guarantee every a living wage. Instead it did not enable the natural mechanism of the labor market to function. And as for the discussion about how much everyone who earned above 3 shillings was worth, a tiny percentage of the population actually made above the 3 shilling amount, so it's completely irrelevant.

Lets go through your reasoning. People don't work because they are guaranteed 3 shillings- This constricts labor supply for farms or whatever- Normally this would cause wages to increase for farm workers-But, wait, not in this case because there are enough people to work the farms for free.

This is entirely plausible.

[KrazyHorse]

Curtonomics

[KrazyHorse]

WTF?! He's full of ****.

[Jon Miller]

I glanced at his most recent post, and he actually does appear to be making the claim that people kept working without any hope of making more than what they would make without working, simply because they wanted to work

I actually think that some people are sorta this way. I have seen people do work even with little hope or expectation of it improving their lives at all just because they enjoyed it.

JM
(I am not talking about physicists right now.)

[KrazyHorse]

I agree that there are such people. I simply dispute that the English were running a society of peasant farmers based on that principle.

[Jon Miller]

Oh, yeah. Was that Curtis? Or Solomwi?

JM

[Dinner]

I agree that there are such people. I simply dispute that the English were running a society of peasant farmers based on that principle.

That sounds pretty reasonable.

[Solomwi]

Oh, yeah. Was that Curtis? Or Solomwi?

JM

I hate you.

[KrazyHorse]

Oh, yeah. Was that Curtis? Or Solomwi?

JM

Curtis, obviously. Solomwi was being ironic.

[Aeson]

Solomwi isn't even being paid 3 shillings for it either...

[Solomwi]

I sacrifice to be part of something great, i.e., the OTF. POLY POLY UBER ALLES!