Forum Post: Supply and Demand is a failed philosophy.
Posted 12 years ago on Dec. 8, 2011, 8:32 p.m. EST by FriendlyObserverA
(610)
This content is user submitted and not an official statement
There is a huge demand for jobs.
There is no supply of jobs.
Someone goofed up !
You have some truly bizarre ideas about economics. Seriously, take a class at a community college; they could clear some of this up for you in a semester or two.
Labor is supply, it takes demand for its utilization. Your concept is like Buick having demand to sell a car. No, Buick is available to SUPPLY a car. Demand is someone that wants one. Geesch, you need some serious work.
s?he is an innovator. and s?he will probably be revered as a sage in the future. remember all innovators are laughed at and mocked in the here and now, to be put an a pedestal in the future. learn from the past or drown in your ideocrocy.
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Ahh, another important part of economics. A community college would help you out with this part too. Economics is about exchange. You can demand all you like, but you need to pay for it. Supply at zero prices is zero.
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Via socialism, yes. Via earning it, no.
Seriously, take a class. You have an interest in economics, but lack any concept of how it works. You have a gun, but just need a little help finding the target.
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No, they're really not. They're some disaffected 20-something goofs that have a deep neediness to belong to something. They're the same crew that comes out against world trade meetings, global warming or Tibet. Anyone who's gone to college recognizes the phenomenon. All the need is the cause, no matter how loopy.
Millions hungry? Not in this country. Hunger creates thinness. Only in America could people be so detached from hunger that they could claim a hunger problem amid an utter absence of thin people.
Demand creates supply when it's PAID FOR. I have demand for a boat. I'll pay nothing for it. Gosh, why isn't the boat supplied? Are you really this dense?
See, demand and supply balance at a PRICE. If the price is too low, the demand is there, but not the supply. If the price is too high, the supply is there, but not the demand.
You're just 2 nights a week for 8 weeks away from being able to get some of this stuff. Find a community college, take a class in economics. Don't talk, just listen.
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Me too!
GED precedes the Community College....I believe in this case, we are a step behind.
Sure, maybe he has a few prerequisites to work through first, but at some point, that community college course could really do some good. LOL.
No doubt.
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Adam Smith was more clever than you are. Yeah, a lot of people are poor. What of it? There's a huge supply of people devoid of skills. Is that a surprise to you? They may or may not want to offer their labor in the market. And if they do, they should know that labor is only one part of production. Offering your labor in some village in India is, you know, different than offering it here.
When you talk out loud, do you notice over the years that you get a lot of weird looks back? Take that economics class and find out why.
There is a huge supply of workers
There is little demand for them
So they're cheaper to hire.
Supply and demand.
The markets will say if there is an over supply of a product it is a bad thing because over supply brings prices down. But really an over supply should be considered a good thing. More is better than less. More food more houses. More jobs.
The theory of economics appears to display no common sense, but lots of rhetoric. "You get what you pay for" for example. The elders should state what their college education cost them. Harvard at today's community college prices. The appointing of pro corporation judges has worked out to be the best bang for their bucks, in election spending.
Jobs are becoming obsolete, even Obama mentioned this last week.
http://occupywallst.org/forum/jobs-are-becoming-obsolete-due-to-advances-in-tech
There are jobs, the kind that can't be outsourced like gold mining and oil drilling on a rich man's land. They will enslave the country for gold and oil, amass great wealth, then ditch this enslaved country.
Those jobs are becoming, or will become, automated.
I hope so. But since we don't have manufacturing, I'm afraid it will be profitable to pay someone to sort gravel with their bare hands for grains of gold...
Green and clean energy, new infrastructure, R&D, stronger investment in better education, community projects, environmental conservation, etc.
There are plenty of jobs available 'if' the government, and most businesses weren't so set on spending trillions to maintain the status quo of the market.
Heck we can make jobs feeding the poor, and repairing relations with foreign nations rather than bombing the crap out of them. But such activities are dangerous to the sociopathic industries that arm and train militia in these nations before bombing them for-profit.
So there are plenty of high tech/sustainable/humane jobs that can be created but greed centered groups fight such practices tooth and nail.
http://www.thevenusproject.com/en/technology/latest-technology
As a "philosophy" I would have to agree.
But as an economic theory supply/demand still holds up pretty well when it is not being intentionally subverted by the 1% for their profiteering purposes.
Brilliant observation!!!now why are those jobs not there?
Ask Adam smith , it's his plan.
what does the 'A' at the end stand for?
Jobs aren't the commodity, labor is the actual commodity. Right now there is a large supply of labor that exceeds the demand.
That being said, supply and demand is imperfect. An assumption of the model is that people behave and make decisions rationally. In many markets though there is irrational behavior,
A 2 nd point. Jobs do not exceed the demand. There are millions of people in need of food. The demand is " sky high
So they can go grow some food, or raise some food, or hunt some food.
And if there isn't enough food for everyone, some will have to die unfortunately.
I would say jobs and labor are the same thing. Unless you ment product being the actual commodity. Is demand a commodity?
Well I guess you could say that. Jobs have a much higher value now than in the past because they are tougher to come by
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I love General Tso's chicken.
Spicey. Yum. Go Chinaman Tso with all the msg. (panda express will have to do - mind you, a corporate 1 %). GONG!
General tso's chicken is good, but I might like orange better.
the "A" stands for his sphincter.
Yes. The government attempted to fix a self regulating system. Just like in nature. More often than not what we try to fix by introducing a new species has completely unknown and devastating consequences.
The government doesn't control supply and demand.
No, but the government saved failed companies with the bailout. If those companies were allowed to fail, as they should have, it would have allowed smaller firms to grow and take their place. The immediate impact would have hurt, but the long run sustainability would have been much more rewarding. As our government seems to be in the business of picking winners and losers in the economy, there is no incentive to have moral or ethical business practices when Uncle Sam seems to always be willing to ensure that those poor business practices are rewarded with low interest loans. The economy should have done a reset years ago, but the government (read politicians) value their jobs more than the long term health of the nation.
It may have been wrong , but to sit back and do nothing. No one else was offering to help. Mostly they were sitting back hoping to scavenge the pieces. At least the government has honor.
But business is heavily involved in the government?
Business is involved in a lot of things.