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#11
03-30-2007, 11:30 AM
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Re: Circuit City much worse than Walmart
Would those workers be better off if CC can no longer compete and goes busto?
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#12
03-30-2007, 11:34 AM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
Would those workers be better off if CC can no longer compete and goes busto? [/ QUOTE ] Yes, since they can go get a minimum wage job pretty much anywhere, which is what CC is offering them after 10 week wait. So if CC went busto, they could get a minimum wage job without waiting 10 weeks.
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#13
03-30-2007, 11:38 AM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
[ QUOTE ] Would those workers be better off if CC can no longer compete and goes busto? [/ QUOTE ] Yes, since they can go get a minimum wage job pretty much anywhere, which is what CC is offering them after 10 week wait. So if CC went busto, they could get a minimum wage job without waiting 10 weeks. [/ QUOTE ] Why would they have to wait now to get a job OTHER than CC?
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#14
03-30-2007, 11:42 AM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Would those workers be better off if CC can no longer compete and goes busto? [/ QUOTE ] Yes, since they can go get a minimum wage job pretty much anywhere, which is what CC is offering them after 10 week wait. So if CC went busto, they could get a minimum wage job without waiting 10 weeks. [/ QUOTE ] Why would they have to wait now to get a job OTHER than CC? [/ QUOTE ] They don't. This assumes they want to continue employment at CC. If that is not the case, then there is no downside to CC going BUSTO to the workers. Good thing they didn't organize and let those evil unions in.
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#15
03-30-2007, 11:43 AM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
If they could profitably replace all their workers with robot workers that would be an incredible development for the economy. Consumer surplus would go way up because prices would tank. [/ QUOTE ] Aggregate consumer buying power goes down with increased unemployment. This is also a factor to be considered. If everyone lost their job to a robot, no one would be shopping anywhere. Of course if all these unemployed got rehired into better positions, then fine. However, that is an ideal outcome that can't just be assumed.
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#16
03-30-2007, 11:54 AM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
ojc, There's more to life than low prices and efficiency. Hitler was just trying to make the Aryan race run more efficiently after all. [/ QUOTE ] Wow, just wow. I'm actually speechless. I need a moment... Ok. By firing those workers and hiring cheaper ones CC is making **EVERYONE** better off than they were before. Now the products they sell are cheaper, meaning you need less money to purchase the good you're purchasing from CC. Not only that but the workers who were fired can now go and do work somewhere else. When they were inefficiently working at CC there was an opportunity cost because they could have been working somewhere else more efficiently. Not allowing people to procreate with the people they want to (whatever their race) is the exact OPPOSITE of what I was talking about. In terms of utility (or happiness), you are forcing LESS utility than there would otherwise than been. I can't believe I just lent credence to this absurd statement by actually addressing it.
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#17
03-30-2007, 11:59 AM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
[ QUOTE ] If they could profitably replace all their workers with robot workers that would be an incredible development for the economy. Consumer surplus would go way up because prices would tank. [/ QUOTE ] Aggregate consumer buying power goes down with increased unemployment. This is also a factor to be considered. If everyone lost their job to a robot, no one would be shopping anywhere. Of course if all these unemployed got rehired into better positions, then fine. However, that is an ideal outcome that can't just be assumed. [/ QUOTE ] You'd still be able to get jobs programming and creating the robots, unless... 
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#18
03-30-2007, 12:02 PM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
[ QUOTE ] If they could profitably replace all their workers with robot workers that would be an incredible development for the economy. Consumer surplus would go way up because prices would tank. [/ QUOTE ] Aggregate consumer buying power goes down with increased unemployment. This is also a factor to be considered. If everyone lost their job to a robot, no one would be shopping anywhere. Of course if all these unemployed got rehired into better positions, then fine. However, that is an ideal outcome that can't just be assumed. [/ QUOTE ] If everyone's job was replaced by a robot, do you think that we would be better or worse off?
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#19
03-30-2007, 12:07 PM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
[ QUOTE ] [ QUOTE ] If they could profitably replace all their workers with robot workers that would be an incredible development for the economy. Consumer surplus would go way up because prices would tank. [/ QUOTE ] Aggregate consumer buying power goes down with increased unemployment. This is also a factor to be considered. If everyone lost their job to a robot, no one would be shopping anywhere. Of course if all these unemployed got rehired into better positions, then fine. However, that is an ideal outcome that can't just be assumed. [/ QUOTE ] You'd still be able to get jobs programming and creating the robots, unless... [/ QUOTE ] Everyone gets a better-paying job working on the robots? It would be more efficient just keeping the employees at the store.
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#20
03-30-2007, 12:09 PM
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Re: Circuit City much worse than Walmart
[ QUOTE ]
Everyone gets a better paying job working on the robots? It would be more efficient just keeping the employees at the store. [/ QUOTE ] I don't think I would want a robot programmed by the guy who just gave me my food at McDonalds. [img]/images/graemlins/grin.gif[/img]
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