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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: neolib who wrote (246104)4/29/2010 1:48:29 PM
From: No Mo MoRead Replies (1) of 306849
 
"At some point we must come to terms with the equivalent full cost of labor, and I would rather see that directly born by employers, rather than socialized, given that we don't socialize the profits (and should not IMHO)."

You could say the same thing about costing for natural resources or externalities of production e.g. pollution.

We don't pay a fair price for fossil fuels, or water or topsoil for that matter, so we're profligate with them.

DuPont isn't responsible for the life cycle of its plastics or Union Carbide for its batteries so they sell them at a discount with the costs to be born by the taxpayer somewhere down the line.

Incorrectly costed labor is one more tragedy of the commons, as it were.
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