>reading Keynesian economics
>"When wages become low, people will work less"
Does anyone take this garbage seriously?
Reading Keynesian economics
Wyatt Young
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Zachary Long
Sounds logical to me.
Julian Collins
you telling me that you'd give the same amount of effort to a six figure jobs as you would a minimum wage job?
Dominic Lopez
I'm only working if a fuck tent is a given
William Jackson
But the opposite is true
If your wages are low, you will work more to able to pay rent and food
If your wage is high, you will work less, because less work can support your standard of living
You give the same amount of effort. It's about parenting, and the culture of responsibility
Good people work honestly as street sweepers and bad people laze off even in 6 figure salary jobs. America is the proof of that
Isaac Gonzalez
Keynesian models barely work on short term, let alone in mid and long term.
Remember that the depression was won when the US started the ww2 war machine.
Jose Young
It means people will exit/avoid employment as it's not seen as viable to supporting oneself, not that the workers will cut down on hours.
Jonathan Ramirez
Maybe he understands it as time that's been spent working instead of productivity.
Liam Bennett
Yes, the book describes it as time spent working
Jason Watson
Wouldn't it make sense to you then? See: