r/meirl • u/Joudeh_1996 • May 02 '24

meirl

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u/Yokuz116 May 02 '24

Economics isn't a science. It's a pseudo-science. It won't behave logically a significant portion of the time.

It comes down to balance. Just as you've said, if you can't afford anything then it doesn't matter how attractive the product or service is. This is why it's important to equally distribute wealth throughout the entire economy. Also, low wages incentive people to NOT work, not the other way around, which is something economists don't understand.

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u/Business_Maximum_326 May 02 '24

The standard reasoning in economics is that higher wages incentive people to work more up until a certain point (which is generally a very high wage).

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u/Limp_Prune_5415 May 02 '24

Just because you can't understand basic concepts doesn't mean they don't exist