And market forces can be destructive. They set the price of milk, right? If not, there would be a boom and bust cycle there.
I marked papers for intro accounting courses through the years and a routine question was give a really good example of an inelastic product (where no matter the price there is no hemming and hawing about buying it...)
Somehow most responded with milk (maybe that was in the textbook) but I was thinking more along the line of insulin. Sarcastic response would be cigarettes apparently.
Milk is out there on the market, a mashing together of the free market and quotas set by farm and government boards, with subsidies and other stuff crammed in. Chocolate milk seems to be on a slash-price rampage where I shop the last month or so though...
I simply wouldn't buy milk if it tripled in price per gallon on me one day.
I think we're actually further along on this than anyone cares to admit.
Yes, the world needs ditch-diggers, but the problem here is not just the technology, but the apathy of the young. The industry in which I live is desperate for young talent, but pretty much the entire industry has come to realize that those being interviewed at entry level have a horrible misconception of what an entry level salary and benefits should look like. They show no desire to work their way up, and would rather not work than compromise their false perceptions.
We as a country give them, then, what they need to stand pat, and here comes your pathway to large segments of the country who find it easier to live off the government handouts than make a self-accountable path for themselves however necessary.
You have to give some leeway for kids until they are in their mid-20s, always have and always will.
Most snap out of it, it's been a dire concern since around 1770 in the US about the next generation.
They will be fine.
Edited by row_33, 09 May 2017 - 11:11 AM.