Harry Pollard wrote:
[snip]
So, the free market actually cuts your cost of living - at the expense
of these nasty people who think that "the business of business is
profit-making."
[snip]
I understand that -- hypothetically in an ideal world (ideal in
terms of economic theory, that is...), competition will cut
prices.
But doesn't it also cut that particular price which is the
price of labor (AKA wages)?
In this race to the zero-point, can economics tell us
whether our wages or the prices of the products we would
like to buy with them (or us...) will get there first?
I would like to digress and note that even if wages stay
above subsistence and prices and availability of goods
remain tolerable {"you know": either the prices are
cheap and the shelves are empty, or the prices are
out of reach and the shelves are full, or the prices and
the shelves are both reasonable but
the wait queue to get any is very long...],
there is still what Dilbert cartoons
humorously point out, but which, in reality, is often
more like a Kafka story since the characters are real
persons.
I have not studied "business ethics", but, if somebody
told me to do so, I think I would start with Peter Drucker's
writings.
\brad mccormick
--
Let your light so shine before men,
that they may see your good works.... (Matt 5:16)
Prove all things; hold fast that which is good. (1 Thes 5:21)
<![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. / [EMAIL PROTECTED]
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