Caleb James DeLisle on Nostr: Wages are a function of supply and demand - so if stockholders want to push them ...
Wages are a function of supply and demand - so if stockholders want to push them down, the only way they can do that is to flood the market with laborers, like for example, immigrants.
Rents, likewise, are a function of supply and demand. If there are more apartments than people, you can ask whatever rent you want but you'll just have an empty apartment. The ONLY way to get the rents up is to flood the market with renters, like, for example, immigrants.
Imagine building your whole identity around "fighting the rich", but being so dumb that you end up doing their bidding.
Published at
2024-06-11 14:23:16Event JSON
{
"id": "76d75b1aa475da81ab1bde02f8e6d37f1d199abf88c2959de752d2d4e26e0bca",
"pubkey": "7d1eac1e4c7915e93b0e36005b3621ba9c8f0567263264d1ca490445df25f395",
"created_at": 1718115796,
"kind": 1,
"tags": [
[
"p",
"e9ade5d359c3fc5eac499489d70d4794129c1f68f7b020f670041e51e6af2aa2"
],
[
"e",
"e18f71eda2ef3d1f126a4f80d0baa46e7a822dc3a0014159fd503f2284f807e2",
"",
"root"
],
[
"proxy",
"https://pkteerium.xyz/objects/de04693d-07dc-4c39-8a99-5c171b1b7fed",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://pkteerium.xyz/objects/de04693d-07dc-4c39-8a99-5c171b1b7fed",
"pink.momostr"
]
],
"content": "Wages are a function of supply and demand - so if stockholders want to push them down, the only way they can do that is to flood the market with laborers, like for example, immigrants.\n\nRents, likewise, are a function of supply and demand. If there are more apartments than people, you can ask whatever rent you want but you'll just have an empty apartment. The ONLY way to get the rents up is to flood the market with renters, like, for example, immigrants.\n\nImagine building your whole identity around \"fighting the rich\", but being so dumb that you end up doing their bidding.",
"sig": "5ab8393a6898a0723ec84d9b4572e8e3bac4b847aa5788267e16f2ea7352752cdb436e6dbc32b940f1be4b43ea4ada61b80b18a7a9d0fe44564eee44cffd2167"
}