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simianwords
312 days ago
Also consider non linear utility of money.
1 comments
skrebbel
312 days ago
For hamburger flippers? A 25% increase in wage might well be superlinear for some of them (eg better circumstances and opportunities for kids)
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simianwords
312 days ago
Yeah but the other people lost their jobs and 100% of wages. So you can compare net utility gain or loss.
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skrebbel
312 days ago
Yes but that’s not the argument you made.
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simianwords
312 days ago
I didn’t make any argument. I was expanding on parents point.
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skrebbel
311 days ago
Yes and I was responding solely to your expansion, which I believe is inapplicable here.
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