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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (699746)2/18/2013 12:36:55 PM
From: i-node  Read Replies (2) of 1578926
 
The economics nitwit ought to try and explain how $9/hour wouldn't cause problems but $20/hour would.

So, far, here's what he says:

"Why is this true? That’s a subject of continuing research, but one theme in all the explanations is that workers aren’t bushels of wheat or even Manhattan apartments; they’re human beings, and the human relationships involved in hiring and firing are inevitably more complex than markets for mere commodities. "

So, the evil corporations of the world are going to suddenly become benevolent and will keep these employees around because they're not mere commodities.

Economics expert he may be, but he definitely doesn't have the slightest understanding of the precepts set forth in Theory of the Firm courses taught all over the country.
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