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nemo44x
on Aug 14, 2023
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Tech workers remain some of the highest paid in Ne...
> No, this is the lump of labor fallacy
It’s literally the first rule of economics. Don’t midwit this…
astrange
on Aug 14, 2023
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Econ 101ing at me /is/ midwitting, because labor economics is econ 201. See "partial equilibrium".
nemo44x
on Aug 14, 2023
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Saturating a single type of labor simply drives down market value for that type of labor. You need to increase population across the entire labor base for it to make sense.
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It’s literally the first rule of economics. Don’t midwit this…