DBTrek wrote:Me: price point driven markets help determine labor wages which can also determine whether or not a particular product is even viable.Speaker to Animals wrote:DBTrek wrote:There’s this crazy invention called a free market where you let people who buy a product determine its worth through price competition. Their purchasing decisions at different price points actually help determine how much it should cost a farmer to harvest a peach, or whether peaches are actually worth harvesting at all.
For the benefit of Californians, of course, who may have lost the whole free market idea with the fading of their ancestral memories.
Yeah, that's fucking awesome. Maybe we should let Mexico produce bootlegged versions of copyrighted media and patented technologies to sell at a steep discount in American markets. This open borders idea will work great when we apply not just to labor!!
StA (supposed economics minor): I GUESS MEXICO SHOULD JUST BOOTLEG EVERYTHING AND RESELL IT HERE THEN, BECAUSE OPEN BORDERS ARE JUST SO AWESOME.
I’ll let the forum make its own judgment as to who the fucking idiot is. Jeez-Louise.
Just for half a second, stop being such an ignorant ass and consider this:
Labor is a product that is subject to supply and demand no differently than an iPhone.
When you refuse to enforce immigration laws and flood our nation with millions of illegal immigrants who glut the labor force, you drive down wages because you increase supply.
The analog to that would be for Mexico to manufacture millions of iPhone clones and flood the American market with iPhones for less than half the price of a real iPhone and the government refuses to do fuck all about it while Apple Inc. loses much of their revenue, their stock declines, and they slide towards bankruptcy.
Neocons like Sowell want to protect markets when it suits capitalists (with patents, trademarks, and riders in trade deals that enforce those patents and copyrights) but then fuck with the market when it suits them (by doing the exact opposite to the labor market). These people are not telling it to you straight. It's dishonesty and you apparently can't figure it out for yourself.