Saturday, December 6, 2008

Once again how does Lynn Westmoreland think a market system works?

Dixie welcomes non-union auto jobs
"Workers (in the South) understand that in order for them to have a job these companies have got to make money, because if they don't, they're not going to have a job," said Rep. Lynn Westmoreland, R-Ga. "That's the first issue (Detroit auto executives) need to address before they come to Congress asking for a bailout or a loan or whatever it is."
Adam Smith called it the invisible hand for a reason. "Workers" take the wages that the markets deem the going rate.

If a business wants to pay $10 an hour to scrub sewer systems with a tooth brush and they don't get anyone to take the job, an economist wouldn't say its because workers know x. They say workers won't work for x amount of money. People go to the jobs that pay an appropriate rate. Just because workers in the south are more desperate and less organized doesn't mean they "know" anything.

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