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by munksbeer 61 days ago
> If you have more workers, it should result in competition that drives down wages. (ALL THINGS BEING EQUAL)

Sort of a meaningless statement when all things are definitely not equal.

If there are 5 million people in a country, or 200 million, the theory of too many workers means the 5 million people country should be paying everyone vastly more.

But that is trivially untrue.

Economies grow and shrink and adapt around the number people.
1 comments
intended 61 days ago
> ALL THINGS BEING EQUAL

> Sort of a meaningless statement when all things are definitely not equal.

Hey, don’t look to me for a defense of the weaknesses of economic models.

At the same time you can’t really discuss complex systems like economies where one part affects another, without holding some of the factors in stasis.

Centris paribus does extreme amounts of heavy lifting.

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