Message from @!GoldenKingship!
Discord ID: 617157467356397584
It's like super ez to understand
We’re*
sonnenschein theorem destroys the idea of a measurable market equilibrium
So when I say that immigration lowers the cost of labor, I’m talking about a rightward shift in the labor supply
Doesn't take an economic expert
Understand?
There’s no such thing
There is wdym
Economics is purely common sense.
Right, so now that labor is cheaper
Well supply and demand is as common as common sense can get
Companies can hire more people, if they want to
And that lets them produce more stuff
Yea but wages don't go up you see
That makes the economy healthier and increases gdp
OK, so you’re concerned about wage depression from immigration?
except supply and demand models for the market dont imply aggregations methods are valid
and theyre not
Or are you concerned that companies are shipping jobs overseas?
hence supply/demand analysis for markets are faulty af
Because those are competing and incompatible issues
@Green Syndicalism is incorrect.
yea lets debate bitch
you start off with an individual demand curve
Nice way to start a debate
and you get to a market demand curve by?
you need certain conditions to be true to do this
What we’re talking about is principles of shifts in supply and demand curves
but those conditions arent true
Not literally whether a curve can be determined
hence you cant aggregate market demand curves
What conditions aren’t true
sonnenschein conditions
I’m not sure you understand what that means
...
Ok, that’s an equilibrium theory issue
you dont even know how econ 101 is justified
no its not
i mean it is