But you don't have to meet local demand for burgers. If you fail to produce enough to meet local demand some of your potential customers will eat at Wimpy.
Exactly. You need no fewer than
n employees to maximise profit.
The demand is determined by burger price offset against local wage levels, the going rate for employees is determined by the labour market, and the marginal value of the last employee I need is an irrelevant abstraction.
Well, it's an irrelevant abstraction if you aren't trying to maximize your profit.
Opinion noted but I've just said why I disagree.
You paid me less than $15. My eyelid hurts. Therefore you caused me physical pain. Is that your reasoning?
Oh come off it!
More like : I'm paid so little I need two jobs, don't get home in time to help my kid with her homework and am tired and irritable in what little time I have with her mom/dad.
You're not harming me so much as the rules we're playing by are.
So, "Oh come off it! You're right."?
I said people should be allowed to hire other people for less than $15 because hiring people for $14 doesn't hurt them; that's not a claim that every rule in western civilization doesn't hurt them. By all means, identify rules that hurt people and let's talk about repealing them. We certainly have some rules in the U.S. that hurt people, such as the rule that we have to pay taxes to subsidize high-fructose corn syrup. But I can't see how you and another guy both hiring me for $9 apiece, which you do because I'm willing to do two jobs, which I need because nobody's income will go up $15 as a result of hiring me so nobody has a reason to hire me for $15, could plausibly be the cause of nobody's income going up $15 as a result of hiring me.
And I can't see what this has to do with the comment you're ostensibly addressing, which makes no such claim.
The underlying reason for my tiredness/irritability/homework problem is my not knowing how to make other people's income go up $15. The legality of hiring me for $9 didn't make me not know that. Banning people from hiring me for less than $15 won't fix that. Since I can't increase anybody's income $15, all it will do is make sure that anybody who hires me would lose money on the deal. So they won't hire me. That would be a rule we could play by that would hurt me.
Not if marginalism is an ideologically motivated crock of shit and employers simply pay as little as the rules allow them to - i.e what's under dispute here.
Other economies play by different rules to mutual benefit.
No doubt. By all means, identify some rules from another economy that would be mutually beneficial for us to adopt and let's talk about passing them.
Higher MW, stronger employee protections, collective bargaining, shorter work hours, generous enough welfare that unemployment isn't a disaster for a family, big powerful unions represented, by law, on firms' boards. The strongest economies with the highest living standards have 'em. They have plenty of rich folks too, only they're less likely to have become rich by employing people in miserable conditions.
Your preferring advantage over me is harm by your definition.
Sorry, I'm not following. I prefer mutual advantage. When one person hires another it makes them both better off.
Oh good, then you'll have no objection to the above. Otherwise I believe you are "following"
Let's say the market rate for some work you know how to do is $12. That happens because at the current level of production of the good in question, adding a worker to a typical factory will increase production enough to increase income by $12.
Well no, revenue would have to increase by more than $12 for the employer to profit.
But one employer calculates that at her factory income will increase $13 -- she's operating at too small a scale so the returns on adding employees have not yet diminished to $12 for her, as they have for her competitors.
Nah, you're assuming what I'm disputing. It just doesn't work like that in any firm I've seen, and I used to draw up manning schedules for some big contracts. Marginalism at firm level is - as a prominent industrialist described it when first expounded -
"the product of the itching imaginations of uninformed and inexperienced armchair theorizers."
So she offers you a $12/hour job. Dissatisfied with your current $9/hour job, you take her up on the deal. Your income goes up $3; hers goes up 1$. Your current employer goes off and hires an unemployed person who knows how to do your old $9 job but doesn't know how to do your new $12 job, which means he's less likely to quit his new $9 job than you were. Win-win-win-win.
So what is this advantage your new employer has over you, that she prefers, that you are being harmed by her preference for?
Her preference isn't stated in that anodyne little homily, so who knows? In the real world she'd offer slightly above $9 in order to maximise profits or she'd be replaced by someone who would. Unless, of course, there were rules mandating more equitable mutually beneficial deals.