Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: djsherin
"Demand is unlimited. You can never have too many jobs, only jobs in the wrong sectors."

Nope. Demand is limited by those who want to pay for jobs...fewer and fewer each day.

Where job demand is unlimited is on the recieving end of the checks...not on the paying side.

17 posted on 06/22/2009 7:59:10 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
[ Post Reply | Private Reply | To 15 | View Replies ]


To: Southack

To say demand is not unlimited is to say that people’s wants and desires are not unlimited, which is false. Demand is restrained by income, but it is unlimited.

Given the income restraint, people decide what they want to produce (in order to consume, or “trade” for consumption) to maximize utility. Given that demand is unlimited and that it can only be satisfied by production, there can never be too many jobs in a free market. Given government intervention, there can be too many jobs in specific sectors (malinvestment) which requires a period of readjustment to correct, but not too many jobs in general.

***Where job demand is unlimited is on the recieving end of the checks...not on the paying side.***

Just as the worker wants as much purchasing power as possible and the employer wants to pay out as little as possible, so too does the employer want as much work from labor as possible and the worker wants to give as little as possible.


19 posted on 06/22/2009 8:20:34 PM PDT by djsherin (Government is essentially the negation of liberty.)
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson