MashedTech@lemmy.world to 196@lemmy.blahaj.zone · 3 months agoCan't make money off of me if I don't exist rulelemmy.worldimagemessage-square92fedilinkarrow-up1344arrow-down10
arrow-up1344arrow-down1imageCan't make money off of me if I don't exist rulelemmy.worldMashedTech@lemmy.world to 196@lemmy.blahaj.zone · 3 months agomessage-square92fedilink
minus-squaregandalf_der_12te@feddit.delinkfedilinkarrow-up5·3 months agoThe labor market is a market - that means it is regulated by supply and demand. Now, there’s a demand for workers. Now, think about what happens when the supply goes down - prices go up. In other words: If there are fewer workers on the labor market, that means the price for labor goes up, in other words: wages go up.
minus-squareMinotaur@lemm.eelinkfedilinkarrow-up1·3 months agoOk. That’s a very fine system if everyone in the country works in a button factory where they just push buttons on a keyboard all day and don’t actually produce anything. What do you think businesses are… making products for??
The labor market is a market - that means it is regulated by supply and demand.
Now, there’s a demand for workers.
Now, think about what happens when the supply goes down - prices go up.
In other words: If there are fewer workers on the labor market, that means the price for labor goes up, in other words: wages go up.
Ok. That’s a very fine system if everyone in the country works in a button factory where they just push buttons on a keyboard all day and don’t actually produce anything.
What do you think businesses are… making products for??