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by Solvokina » Wed Aug 19, 2020 12:09 am
by Novus America » Wed Aug 19, 2020 12:09 am
Conservative Republic Of Huang wrote:Novus America wrote:
If supply was irrelevant to employment, involuntary unemployment would never occur!
Involuntary unemployment is by definition where the supply of workers is greater than the number of jobs!
If the demand automatically met supply, then there could be no excess supply. Yet clearly there can be more people than jobs. It is a complex situation. Sure population growth does tend to drive overall GDP growth, all other things being equal, but there are other issues such as skills mismatches (this is particularly problematic with irregular migration where the migrants do not necessarily even have basic languages skills, let alone a proper job certification), resource and and land constraints, amongst other things.
Involuntary unemployment is the situation of deficient aggregate demand, or more often, deficient current capital investment. Supply is irrelevant, because it is simply a function of demand.
Obviously, like you point out, there is frictional unemployment, but that doesn't factor into usual economic theory. Also, it's called frictional because by its very nature, it's always transient.
Also, it takes time for the market to adjust, which may result in oversupply.If the demand automatically met supply, then there could be no excess supply. Yet clearly there can be more people than jobs.
People are not commodities to be bought or sold. The theory of employment is not part of the general theory of supply and demand. It is entirely separate.
by Saiwania » Wed Aug 19, 2020 12:14 am
Conservative Republic Of Huang wrote:You should tell your boss that your job "only exists on paper" as an excuse to not go to work. Don't be so dismissive of the economic mechanisms which have created the miracle of modern life.
Also, although the immigrants have low purchasing power, they have to spend more of their income on necessaries, as opposed to richer people, who leave a larger proportion of their income hoarded away not stimulating the economy.
by Novus America » Wed Aug 19, 2020 12:15 am
Conservative Republic Of Huang wrote:Saiwania wrote:
People were at one time and still are in some contexts, even though slavery has long since been formally abolished globally. It still manages to happen all the time.
The point is, employment cannot be analyzed through the same lens as supply and demand.
by Novus America » Wed Aug 19, 2020 12:19 am
Solvokina wrote:How about we kick turkey out? They commit mass genocide in Syria ironically. Also, those are illegals, to say its genocide is an overstatement. I swear the number of people supporting turkey is actually fucked and are blinded through their crimes
by Glorious Hong Kong » Wed Aug 19, 2020 12:25 am
by Solvokina » Wed Aug 19, 2020 1:05 am
Novus America wrote:Solvokina wrote:How about we kick turkey out? They commit mass genocide in Syria ironically. Also, those are illegals, to say its genocide is an overstatement. I swear the number of people supporting turkey is actually fucked and are blinded through their crimes
Kick Turkey out of what exactly?
by Gravlen » Wed Aug 19, 2020 2:31 am
The Lone Alliance wrote:Atheris wrote:More like the Geneva Suggestions.
Really it is, the refugee convention has no method of ensuring compliance, there's no means of punishment and no oversight committee that can enforce the rule.
Basically the only punishment that has been used against those violating it is public shaming and strong condemnations.
Furthermore these migrants are actually violating the convention as well, according to the very writing of the refugee convention all refugees must abide by the national laws of the contracting states.
By illegally immigrating to the country the migrants are in violation of the convention themselves.
1. The Contracting States shall not impose penalties, on account of their illegal entry or presence, on refugees who, coming directly from a territory where their life or freedom was threatened in the sense of article 1, enter or are present in their territory without authorization, provided they present themselves without delay to the authorities and show good cause for their illegal entry or presence.
by Salandriagado » Wed Aug 19, 2020 2:32 am
by Salandriagado » Wed Aug 19, 2020 2:33 am
Solvokina wrote:How about we kick turkey out? They commit mass genocide in Syria ironically. Also, those are illegals, to say its genocide is an overstatement. I swear the number of people supporting turkey is actually fucked and are blinded through their crimes
by -Astoria- » Wed Aug 19, 2020 3:24 am
How based.
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by Borderlands of Rojava » Wed Aug 19, 2020 4:20 am
Solvokina wrote:How about we kick turkey out? They commit mass genocide in Syria ironically. Also, those are illegals, to say its genocide is an overstatement. I swear the number of people supporting turkey is actually fucked and are blinded through their crimes
by Borderlands of Rojava » Wed Aug 19, 2020 4:20 am
Novus America wrote:Solvokina wrote:How about we kick turkey out? They commit mass genocide in Syria ironically. Also, those are illegals, to say its genocide is an overstatement. I swear the number of people supporting turkey is actually fucked and are blinded through their crimes
Kick Turkey out of what exactly?
by Solvokina » Wed Aug 19, 2020 5:25 am
Borderlands of Rojava wrote:Solvokina wrote:How about we kick turkey out? They commit mass genocide in Syria ironically. Also, those are illegals, to say its genocide is an overstatement. I swear the number of people supporting turkey is actually fucked and are blinded through their crimes
Who here supports turkey besides actual turks?
by Greed and Death » Wed Aug 19, 2020 5:38 am
by Aureumterra » Wed Aug 19, 2020 6:15 am
by Borderlands of Rojava » Wed Aug 19, 2020 6:17 am
by Hirota » Wed Aug 19, 2020 7:33 am
You are aware that the EU nations (including Greece) actually pay nations such as Turkey to take responsibility for migrants flowing through their borders?Greed and Death wrote:Loben III wrote:Greece has no responsibility and turkey is close enough to travel too. Hardly abandonment.
Driving them to Turkey is one thing dumping them at sea and hoping the Turkish coast guard saves them is another.
Greece has a responsibility to not dump them off in the ocean.
by Conservative Republic Of Huang » Wed Aug 19, 2020 8:32 am
Novus America wrote:Conservative Republic Of Huang wrote:
Involuntary unemployment is the situation of deficient aggregate demand, or more often, deficient current capital investment. Supply is irrelevant, because it is simply a function of demand.
Obviously, like you point out, there is frictional unemployment, but that doesn't factor into usual economic theory. Also, it's called frictional because by its very nature, it's always transient.
Also, it takes time for the market to adjust, which may result in oversupply.
People are not commodities to be bought or sold. The theory of employment is not part of the general theory of supply and demand. It is entirely separate.
Supply is not irrelevant, because supply determines the how much you need to increase demand.
For example if there are 100 people unemployed, a stimulus spending to give jobs to 10 people will be insufficient. Obviously the more people unemployed, the greater the stimulus will have to be.
The amount of additional investment capital needed will depend on the number who are unemployed, obviously.
People will not automatically increase capital investment to offset unemployment either. For various reasons.
And various structural constraints are not easily or automatically overcome.
Again if aggregate demand always increased to offset unemployment, all unemployment would only be short term.
Long term structural unemployment could not happen, but it does. The fact that job shortages and labor shortages can occur proves that it is not so simple and that supply and demand for labor is not always in equilibrium.
Structural and resource constraints are real issues that prevent AD from rising to meet a population increase.
by Conservative Republic Of Huang » Wed Aug 19, 2020 8:40 am
Saiwania wrote:Conservative Republic Of Huang wrote:You should tell your boss that your job "only exists on paper" as an excuse to not go to work. Don't be so dismissive of the economic mechanisms which have created the miracle of modern life.
Also, although the immigrants have low purchasing power, they have to spend more of their income on necessaries, as opposed to richer people, who leave a larger proportion of their income hoarded away not stimulating the economy.
Having people constantly spend money and have no savings/investments is no way to run an economy in my view. That is just more of the mindset that caused runaway global climate change to begin with. Wasteful consumerism. There is no job that exists that I'd be hired for where I live. In any case, I'm not interested in banks, the captains of industry, and other elitists getting richer at the expense of everyone else more so than needs to be the case. I'm not going to favor more immigration just so their labor costs can become lower.
If constant growth is really so important, why is every boom almost inevitably followed by a recession or castastrophic bust and the government pathetically tries to artificially blunt or micromanage? It is almost as if there are things more important than the economic numbers and that no one really knows how wealth should truly be used for the most return across the board, in terms of benefits to be enjoyed or allocated.
by Kowani » Wed Aug 19, 2020 8:42 am
Conservative Republic Of Huang wrote:Saiwania wrote:
Having people constantly spend money and have no savings/investments is no way to run an economy in my view. That is just more of the mindset that caused runaway global climate change to begin with. Wasteful consumerism. There is no job that exists that I'd be hired for where I live. In any case, I'm not interested in banks, the captains of industry, and other elitists getting richer at the expense of everyone else more so than needs to be the case. I'm not going to favor more immigration just so their labor costs can become lower.
If constant growth is really so important, why is every boom almost inevitably followed by a recession or castastrophic bust and the government pathetically tries to artificially blunt or micromanage? It is almost as if there are things more important than the economic numbers and that no one really knows how wealth should truly be used for the most return across the board, in terms of benefits to be enjoyed or allocated.
I hope you realize what I'm espousing is Keynesian economics. Under its framework, more equitable wealth distribution is considered a stimulant to the economy.
Also, try seeing what happens if everyone saves all their money. I'll tell you what: the economy collapses. From a purely economic perspective, spending is good. It's the paradox of thrift.
Booms and busts are aberrations that can be caused for a whole host of reasons, but the basic ideas of Keynes generally hold true. Besides, Keynesian macroeconomics is a short term theory.
I really really hate it when "populists" like you so quickly dismiss economics. Might help if you learned something about it rather than pretending all economics are bunk because there are booms and busts (which are also part of economic theory).
by Atheris » Wed Aug 19, 2020 8:44 am
by Eurocorp2092 » Wed Aug 19, 2020 8:49 am
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