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Originally posted by filtherton
Apechild, i'm still waiting for your graph chowing the effects on unemployment of ceo and shareholder greed.
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Greed, otherwise known as rational self interest, is good. Everyone should act in his own best interest, provided he does so within an ethical and legal framework. Some CEOs have acted unethically, and many of them have been forced to pay fines or serve jail sentences for their crimes. As have some shareholders. So have some of the greedy union mobsters out there. But while corporations are subject to anti-trust legislation in efforts to limit the influence their greed can garner, no such legislation exists to limit the greedy anti-competitive behavior of the unions. What a shame...
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Also, do you seriously believe that the average employer will make any more concessions than they have to?
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No. What's your point? Why should they?
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And, how can you claim that union members get paid more than they deserve?
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With objective economic analysis and sound reasoning. How would you like to rebut me?
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That is something only an economist or a ceo would say.
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Most economists and ceos are extremely well educated, successful, experienced individuals. Are you trying to somehow discredit what I'm saying by associating my words with those of financiers, business leaders, and experts in labor markets and monetary policy? Well thank you, filtherton. I'm flattered.
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To think that the minimum wage 6.?? is more than someone deserves for time they will never get back while their bosses stand to make millions for in some instances comparatively little labr or effort is insulting.
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To think that someone should be paid more than $6 an hour when the labor they produce is not worth the expense of supervising their pathetic, useless butt is the insult, my friend. No one is entitled to hand outs. You have to earn what you make in this world. Don't like it? Then stand on a street corner and beg.
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I'm sorry, but if all you can see is econ, and antiworker econ at that, you seriously need to take a look at the real world.
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I am the real world.
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Maybe you could explain to me why econ, as you are using it, isn't bullshit?
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Maybe I could, but I think I've been more than generous already in dispensing my free economics lessons. I can't force you to understand it.
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How do your models apply to the real world, give an example?
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I've given several already. I'm not taking your bait because this is becoming quite futile and a waste of my time.
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Even with an example you'd have to be full of shit if you try to claim that they apply accross the board under all circumstances.
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Basic concepts, like supply and demand govern rational human behavior. While some irrational people exist, these basic laws aren't even subject to debate. They are economic realities. Trying to argue with these concepts will do you about as much good as jumping off a cliff and arguing with gravity.
I'm through with you.