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A comment on Ray Dalio says the global economy is under threat. Parent comment

Re:Ray Dalio says the global economy is under threat by zozbot234 on Sunday November 03, 2019 @05:17PM (#21437101)
> but no plumbers. Or butchers, or morticians, or laborers

The market takes care of that problem quite nicely. Lines of work which are less comfortable or appealing should pay more in the first place.

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Re:Ray Dalio says the global economy is under threat by trianglem on Monday November 04, 2019 @02:58AM (#21439705)
Not really, it would make no sense to acquire advanced skills if menial unskilled labor that no one wants to do pays more.
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Re:Ray Dalio says the global economy is under threat by croon on Monday November 04, 2019 @07:28AM (#21440968)
Think further a few more steps. There will be an equilibrium around a pay where there is a long enough line for unskilled labor to fill all demand. Assuming an Econ 101 efficient transparent market.
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Re:Ray Dalio says the global economy is under threat by littlestymaar on Monday November 04, 2019 @09:27AM (#21441906)
> Assuming an Econ 101 efficient transparent market.

Which is basically “assuming a flat earth and atmosphere approximate to vacuum”. You can't get many useful insights from that.

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Re:Ray Dalio says the global economy is under threat by zozbot234 on Monday November 04, 2019 @05:43AM (#21440421)
The kind of menial unskilled labor that we're discussing here is far less appealing than any work involving advanced skills - that's what the higher pay would be compensating for. It all works out.
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