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by sokoloff 2745 days ago
What's artificial about the labor supply?
2 comments
anticensor 2745 days ago
Unneeded worker spots and/or burocratic procedures are created to create an illusion of extra labour. This hampers technological advancement.
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sokoloff 2745 days ago
> Unneeded worker spots and/or burocratic procedures are created to create an illusion of extra labour.

Aren't both of those serving to increase the demand for labor, not the supply?

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anticensor 2745 days ago
No, demand can only be controlled indirectly in free market, no-UBI economies. You are creating a supply to fill already existing demand in this case.
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chadAnon69 2745 days ago
Offshoring with free trade means the whole global population is effectively in competition for jobs. Pay and benefits is reduced to the country willing to provide the cheapest labor with least protections and benefits.
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