>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:
Kayden Bailey
brainlet detected - why would you bother reading this garbage?
Gabriel Kelly
Its popular because it gives the government a cover to grow their power and influence. They hand picked what ever system gave them power, and then that in turn raised the "credibility" of it. Rinse and repeat for 80 years.
Hunter Murphy
Ryder Cox
mfw reading Austrian Economics
Ryder White
no because the disutility of work effort/marginal productivity of labor still exists and will be satisfied based on the individuals utility curve.
Benjamin Murphy
six figure job people do very little actual work.
they are surrounded by flunkies who pass the work down to the actual workers.
Jeremiah Brooks
Its crazy how intuitive and simple it is.
David Anderson
Parker Anderson
not as stupid as (((randian))) economics
Ian Campbell
People act according to their preferences.
Andrew Myers
What is randian economics? What are her economic opinions?
Angel Bailey
the current state of america? lol.
Carter Gutierrez
who cares? economists know nothing anyway
get me UBI now
Kevin Jackson
economics was overtaken by jews on all sides, it's a shit show. National socialism is the only way forward.
Jace Watson
>If your wages are low, you will work more to able to pay rent and food
I took it to mean if you are paid poorly you won't work as hard.
Nathaniel Morris
No, even left wing economists promote "not" Keynesianism. Unfortunately, so do "right" wing economists
Elijah Gomez
>If your wage is high, you will work less, because less work can support your standard of living
If your wage is high, the prices are high, so you will work the same.
Juan Perez
And if there's other means to live, such as social services or crime people will do those instead of working for poor pay
Liam Hernandez
>Does anyone take this garbage seriously?
No. All economics is expedience.
What do they want to do anyway?
Chase Taylor
wage i assume being defined as the payment for labor, which should include salaries bro.
Angel Perez
>when workers can't get by working they don't want to bother with the rat race
Have you ever worked a day in your life?