Price fixing causes gluts and shortages, and a glut is simply a kind of shortage, a shortage of affordable goods or profitable trades. Unemployment is a glut of labour, or shortage of jobs. This happens when prices can't shift to match demand, meaning suppliers see false signals.
Recently China is experiencing serious unemployment shocks. It's far more Capitalist than America, but that's a low bar. Open question: are these authoritarian price fixes, or Fascist price fixes? They still have a central bank, meaning they are irresponsibly fixing interest rates. That's likely the core issue, but we don't need to find the core issue. The root cause is guaranteed to be price-fixing. Unless the CCP wants to hire me (lol) there's no reason for me to find the specific 'fix' (language corrupt again) that's broken, because I can't change it. The relevant part is that the price will continue to be fixed, and thus unemployment will continue.
If you're not Fascist or otherwise tyrannical, it simply never becomes an issue. The irony of tyranny is that it crowds out authority. A despot occurs due to the absence of leadership, and despots only apotheosize this absence. One trivial fix of myriads: have a lord use the spare labour for a pet project. The rich aren't poor. This may come as a shock, but there's never been a large society where the rich are poor. They can always pay for the labour...if they don't have to hide their lordly virtues and vast wealth from a tyrant and his egalitarian mobs. Ref: Rwanda (~$2000 gdp/cap) can afford to mop Kigali's gutters six times a day, consuming incredible amounts of labour.
They say any problem you can fix with money isn't a real problem...and you can fix unemployment even without money. Not a joke, although it is funny. It must be this way: at some point money wasn't invented, and yet unemployment was nevertheless, later, fixed. Jobs cause wealth, you don't have to pay wealth to get jobs.
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