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Hmmm.......  

So the problem is that labor is too expensive, ergo those lazy bums that work on the line want to much money!  It's envy I tell you.

And of course, it's absolutely not the case that the problem is that this fixation on cheap labor has stopped capital investments that could increase productivity.

That we ask them to make bricks without hay only shows that they are lazy, and undeserving of the bread and water we give them.  Of course, it's not that we are causing the problem because we're trying to pump up our profits by asking workers the impossible.  Because that would suggest that we are engaging in precisely the type of socially harmful rent-seeking behavior that we say that workers asking for a raise are doing.  If this were true, our wealth would only come at a cost to society as a whole.

But, no.  We are the innovators!  If we go on strike, civilization collapses. We are the creators of value.  (Note to self, must invent robot slaves.)

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Mar 8th, 2010 at 04:03:26 PM EST
[ Parent ]
Why are low wages considered incentives for the poor, but not for the rich ? Am I missing something ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 8th, 2010 at 04:10:07 PM EST
[ Parent ]
A damned good question, but we both damned well know the answer.

Do as I say, not as a do.  The oldest rule in the book for people who want to stay in power when they can't get their shit together, let alone everyone elses.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Mar 8th, 2010 at 04:22:25 PM EST
[ Parent ]
Adam Smith has a pithy section on that. In brief, Smith's thesis is that the conditions that encourage low wages also encourage docile and servile workers. Which enhances the boss' power, though not necessarily his revenue. Bosses being the ones who make pronouncements on the state of business... well, you do the math.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Mar 8th, 2010 at 05:52:35 PM EST
[ Parent ]
Did someone mention robot slaves?



you are the media you consume.

by MillMan (millguy at gmail) on Mon Mar 8th, 2010 at 04:34:35 PM EST
[ Parent ]
Hee heee

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 8th, 2010 at 04:41:41 PM EST
[ Parent ]
Precisely!

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Mar 8th, 2010 at 04:48:16 PM EST
[ Parent ]

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