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[quote]Are you asking questions in order to learn, or are you just here to troll?[/quote] Even though I write in a not-completely-serious format, to learn.
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Ah, so by competing and offering higher wages for the same work, employers determine marginal revenue product. The only difficulty is - will I take the risk? How will I know whether people are being under-payed? Good point, cporter. I'm sure it also has to do with getting people to shop at his store. (NOTE TO MODS: photo meant to portray greed,
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Markets aren't perfectly competitive.
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[quote]Are you claiming that employers don't know what price they are willing to pay for an employee's labor?[/quote] I'm claiming that the competing employers are incapable of figuring out the MRP of already employed labor.
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Why do they give a shit about him hugging someone who happens to be female? They should be on his ass about consoling a communist.
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lol
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Libertarians assert that in a free market, people tend to get paid their marginal revenue product. This is hilariously silly. How the hell do you even calculate marginal revenue product? And don't give me this "the employers will calculate it" garbage - even if the employers of a given labor pool do calculate the marginal revenue product
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How is individualism in any way compatible with fascism?
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So are you saying only 49 percent of the population is negatively impacted by socialism?
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[quote]Banning something must lead to a decrease in utility (unless you ban something that doesn't exist or no one would choose to purchase, like small pox pancakes) because the individuals who would have purchased that item must now choose their second choice, thus decreasing their utility. Socialism leads to terrible results, like economic chaos