345
Can't make money off of me if I don't exist rule
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Apr 2024
345 points (100.0% liked)
196
16427 readers
1934 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
The labor market is a market - that means it is regulated by supply and demand.
Now, there's a demand for workers.
Now, think about what happens when the supply goes down - prices go up.
In other words: If there are fewer workers on the labor market, that means the price for labor goes up, in other words: wages go up.
Ok. That’s a very fine system if everyone in the country works in a button factory where they just push buttons on a keyboard all day and don’t actually produce anything.
What do you think businesses are… making products for??