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Politics : Libertarian Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Wildstar who wrote (6308)	9/17/2007 1:34:25 AM
From: Sidney Reilly	Read Replies (2) \| Respond to of 13056

What about this situation. The garbage picker gets a factory job making sneakers. This factory just moved into town. Suppose they employ several hundred people at a high wage compared to garbage pickers. The wages of these workers are now chasing goods in the economy and prices go up accordingly. The remaining garbage pickers and also other nonfactory workers just became more impoverished because of the factory workers wages driving prices up. Now there needs to be more factories to employ the remaining garbage pickers and others because they can't afford what they used to get on their nonfactory wages. For the factory workers it's good but the 100,000 who didn't get a factory job (not just garbage pickers) life gets harder. Now they wish for factory jobs so they can just get by whereas before the factory when prices were lower they could get by. The garbage picker analogy by you is meant to evoke an emotional response to their desperate plight instead of looking at the whole situation dispassionately.