Tuesday, June 16, 2026

and now—more economics illiteracy!

On Instapundit, they like to toss around the line that "The true minimum wage is zero." If you're willing to provide something for nothing, as I've been doing for decades with all of my writing, people will take you for granted. Then, the moment you ask for something in return for your effort, all the excuses come out, and those same people run away. What you see below is as much a law of human psychology as it is a law of economics: Ask for more than the market thinks you deserve, get replaced. Simple as that. And with AI replacing more and more jobs these days, at higher and higher levels, expect the trend to continue.




No comments:

Post a Comment

READ THIS BEFORE COMMENTING!

All comments are subject to approval before they are published, so they will not appear immediately. Comments should be civil, relevant, and substantive. Anonymous comments are not allowed and will be unceremoniously deleted. For more on my comments policy, please see this entry on my other blog.

AND A NEW RULE (per this post): comments critical of Trump's lying must include criticism of Biden's or Kamala's or some prominent leftie's lying on a one-for-one basis! Failure to be balanced means your comment will not be published.