Does worker productivity raise unemployment levels. I read in the ajc.com an coloumn by Cynthia Tucker that hard work makes more people unemployed. This seems wrong but how do you explain it. Thanks for your help.
DD5 I printing your answer out also. My co-workers are making the same argument that Tucker made in her column. Bascially the boss is piling on more work just so he can make more profit. He could hire more workers but he is just greedy. Never thought that our current productivity protects our wage and enployment levels. Thanks again, I know that I have lowerd this boards I.Q. but where else do you turn to. You have put my feelings into logic and words. Hope I can continue to use this board as a resource. Thanks again!
hayekianxyz you lost me with that MR curve thing. Can someone explain Strangers point. I'm a truck driver, going into the break room and arguing for captailism and a free market, I need concepts that me and my co workers can wrap our little minds around.
clueless: hayekianxyz you lost me with that MR curve thing. Can someone explain Strangers point. I'm a truck driver, going into the break room and arguing for captailism and a free market, I need concepts that me and my co workers can wrap our little minds around.
Basically what I'm saying is that if you're crap at your job, you might still be worth paying in a free market, but in a regulated market it's better to avoid you.
The fallacies of intellectual communism, a compilation - On the nature of power
Why is that stranger? I would think in a regulated market it cost more to hire and keep a bad enployee.
clueless: Why is that stranger? I would think in a regulated market it cost more to hire and keep a bad enployee.
Yes, that's why you don't. As a result, the only people left in the sample are the highly productive workers. Consequently, productivity statistics increase.
I think hayek and stranger are talking about when workers get more productive because they get better tools. You are talking about when they work longer hours for the same pay, or goof off less. Which another thing altogether.
Good place to start for a general education in economics is Economics in One Lesson, by Henry Hazlitt.
It's a short book, free online right here
My humble blog
It's easy to refute an argument if you first misrepresent it. William Keizer
Therefore, if a employer is more apt to keep a bad in employee in a free market then in a more regulated market you could say that the more unrestrained the market the more humane that market will be. I'm sure that will win me friends tomorrow. You guys are awesome.
Thanks smiling dave. will check it out. Reading Basic Economics by Thomas Sowell now. I have read Jay Richards Money Greed and God, Thomas Dilorenzo How Captailism saved American(thats how I got interested in the first place) and Atlas Shurgged. Any more suggestions please keep them coming.
read John Stossel books also.
200 years ago there were few employment choices you could choose from and the standard of living was way lower than today's.
Anything, just anything that increases a worker's productivity creates wealth, new employement, new industries, higher standard of living.
Example: 200 years ago a bigger percentage of the population was devoted to agriculture, the entertaiment industry was limited and vacations like traveling abroad or a remote resort were virtually unheard of.
Today a minimal % of the US population works in agriculture (higher productivity), the entertaiment industry is everywhere, virtually everyone can buy a decent vacation at least once a year.
Corporatism is using state means to enhance market share and profitability of a few favored firms, at the expense of the citizen.
hayekianxyz:Presumably the firm will still maximise profits by equating marginal cost with marginal revenue, and there's no reason to see why the demand curve (and hence MR curve) would shift in response to the change in technology, so the firm would simply maximise profits by expanding production until MR once again equals MC.
I wonder what will happen if you actually go ahead and give this BS advise to a real firm?
Productivity and employment are unrelated. There is always something to do be done. It is labour controls that cause unemployment. By unemployment, we mean chronic inability to find work.