re: Waffle House workers are the latest group to strike, requesting $25 per hour

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So please explain how cost and market price and one and the same.

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Ok, maybe you weren't fricking with everyone. You have realized how wrong you are, and this is now your attempt at crawfishing. "I never said production costs don't affect market price, I said they aren't one and the same"

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You have realized how wrong you are,

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I wonder if he knows what determines market price?

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Yes, if someone tells you that an increase in production costs will result in an increase in market price they are stating unreservably that they are one and the same....

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My word.

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Ok, maybe you weren't fricking with everyone. You have realized how wrong you are, and this is now your attempt at crawfishing. "I never said production costs don't affect market price, I said they aren't one and the same"

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No my friend I, like anyone who understands basic economics, knows that production costs have no bearing on market price.

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Under what assumptions?


So you want me to give you the answer? Its a very simple question.

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You don't even really know what I'm asking you when I ask what the assumptions are, do you?

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My friend, for 2 years Washington slung cash into the market like a drunken sailor. Folks were FLUSH with cash and spent like drunken sailors.

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Right, the stimulus payments, student loan pauses, etc were done because people just had too much money to spend. Tell me another joke.

Y'all are arguing with AwgustaDawg again? He doesn't even understand temperature or how a thermometer works and he isn't man enough to admit when he is indisputably proven wrong.

It's fun watching his spin trying to frame his bullshite.

Lots of people mad at others making more money. And crying socialism.

Yet, the overwhelmingly majority of working Americans have been paying a socialist tax since 1935 and if you ever had a kid in k-12, you’re also guilty.

Do you like the fire and police departments? Socialist. Military is actually the biggest socialists structure in the US.

Medicare, never met an old person who didn’t like that.

The selective rage is funny.

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what determines market price?

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Under the assumption of no government interference in the economy, perfect information, zero cost of entry or exit to or from the market, zero
externalities, homogeneity of the product or service in question, and that no one player in that market is large enough to significantly influence the price by their actions alone, the price of labor is dependant only on supply Vs demand. Can someone who actually knows what they are talking about please tell me if I am missing any of the assumptions that go into Roger's toy model?