I'd say that's a very respectful argument on the academic level , that is an issue that should or must be addressed if i may say , but realistically speaking from a humanitarian and a philosophical standpoint it all depends on the investor's mindset , there are two types of investors , those who wants to make the maximum return on the investment regardless of the quality and other humanitarian and environmental aspects , and those who'd rather make a fair return on the investment in order to deliver quality and impact people's lives in a positive manner. The question is which of them are you?! Therefore my conclusion is simple , better quality education especially in the early stages of learning for a happier society.

Frictional unemployment will always happen regardless (people between jobs voluntarily) unless it is a society where you are told what job you will have, which is not ours. So unless you want a totalitarian government, you will always have some people choosing to quit before finding another job….causing frictional unemployment….and this blows a hole in your first thought, unless you are for big brother controlling everything.

@meikaloofssamorzewski4275

22 күн бұрын

the either/or here is intellectually troubling

Human to human is simple but once automation involved then the quick and the wise make the quantum jump but majority is awaken then it is complex. It is help if people get in line then the advanced would ease the wrestling

If true price people would be walking and do math with hand and and reading book because car and house and phone cost too much. But what cost of child bearing and child rearing ?

I"d say that Econ has more in kin to ecology than what this guy is talking about. Econ is the social science exploring human interaction with the reality of supply and demand wrapped in biological constraints. Ecology is the study of how organisms function in a diverse relationship with a constrained system: supply and demand model many of those relationship exceptionally well. While externalities are certainly things we need to contend with, we must never forget that supply and demand are fundamental laws of organisms in a constrained system.

@Rob-mg2jj

26 күн бұрын

I’d contend your comparison since in econ terms, supply and demand doesn’t inherently mean that with increased demand and low/lowering supply, prices will increase. I believe it’s one of his points in that economics shouldn’t be treated like natural laws. For instance, if 1,000 customers come to buy 1 each of my 20 items of EpiPens, there is no absolute price increase, and if I did, I would very likely be despised for price gauging.

@1stGruhn

26 күн бұрын

@@Rob-mg2jj Your desire to be liked or accepted by a given community is but another factor in the ecological arena. Its a survival mechanism of a social group. It doesn't stop the reality that only 20 will get the EpiPens and the rest won't and thus may die (assuming their need is urgent). Thus you who have the 20 must use your own value system to decide how to distribute them. Do you go by need? Odds are that many will succumb while you triage (1000 will take time to sort). Even if you don't 'price gauge' some will start offering more to get the product over another. It would be a bidding war, no price setting needed. The price would skyrocket either way. You may stick to your convictions of keeping the price low, but those you sell it to may turn around and auction it off. So as I said, supply and demand for the reality is that recourses are finite and wants are always greater.

Unemployment is the collateral damage that has to happen, it’s not something you aim to tune up or down 😉