Posted on 03/27/2021 1:51:33 PM PDT by econjack
An effective boycott does not raise the price of lettuce. The opposite is what would be conducive to a wage increase.
True, but he still would be in a better position to pay the wage increase in the absence of a boycott, with a “run” on lettuce.
Agreed. A totally effective boycott results in zero income for everyone involved. A partially effective boycott results in an increase of supply which (usually) results in a reduction in price especially for goods like lettuce which have a short self life.
Honestly I don’t have a ready answer for how to address the cost of labor other than to say it’s also a question of supply and demand. I was watching a documentary about laborers in central/south America who grow cocoa leaves. They make next to nothing, relatively speaking in gringo money. Add some alcohol or ammonia, press it in a hand-press, and move it on up the distribution chain. But the end product gets $10,000+ a pound in the USA.
“I told them all you had to do was gather up everyone who made $9600 or less and shoot them.”
Who came first with the use of the outlandish example - you or Dr. Walter Williams? I always enjoyed his stories when he subbed for Rush back in the day. I would have relished having an entire semester of class with him.
Inflation is great for richer people. We own homes. We get to pay them off cheaper. The poorer people will always struggle as home prices rise beyond their wages. They’re idiots for wanting inflation.
The DNC and their operatives tell any lie to get a sound bite.
Because they know that limited, stupid, brief, oft-repeated sound bites work on the stupid. And frightfully-well, I might add.
I think most teachers realize this. I doubt that I was first, although I started teaching Econ over 50 years ago.
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