SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: flatsville who wrote (105483)5/30/2001 8:58:05 AM
From: Don Lloyd  Read Replies (2) of 436258
 
f -

Do you have a study for this with hard nos.?...

You are asking for a chimera. Contrary to widespread belief, economics is a soft social science, neither a hard physical science nor a mathematical one. Since controlled experiments are impossible in economics, all historical data is a self evident sample, not the source of possible proofs of theory or the reliable identification of causation. Economics is based on the choices of actions made by individuals, made to improve their lot based entirely on their own judgements.

Employment is like any other economic good, increased prices reduce demand if the prices are set higher than the market clearing price. No data from a complex real world environment with multiple variables can prove otherwise.

mises.org

"...There is no need for economics to enter into an examination of the problems of jurisdictional strikes and of various laws, especially of the American New Deal, which were admittedly loaded against the employers and assigned a privileged position to the unions. There is only one point that matters. If a government decree or labor union pressure and compulsion fix wage rates above the height of the potential market rates, institutional unemployment results. "

Regards, Don
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News