tag:blogger.com,1999:blog-7225373.post7032113724402912369..comments2024-02-29T03:34:23.190-05:00Comments on Who Were the Sea Peoples?: Well, I've Never Actually Stepped into the Private Sector, No...gcallahhttp://www.blogger.com/profile/10065877215969589482noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7225373.post-3521020884631046722014-01-14T13:05:36.489-05:002014-01-14T13:05:36.489-05:00It's one of those statements that, on the surf...It's one of those statements that, on the surface, might sound like it can be saved by the weasel words "tends to," but the more I think about it, the less sense it makes. Take, for instance, a battery supplier to the auto industry. A car without a battery would be very inconvenient to most consumers, and would probably be worth far less to them... thousands of dollars. But, they could just buy a battery and install it, right? So they would discount the car by the cost of a battery and do so, thus making the claim both true and circular. A battery adds value equal to the cost of a battery.<br /><br />Am I being silly here?Andyhttps://www.blogger.com/profile/07221537769343338514noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-6187697457621319822014-01-13T15:39:35.802-05:002014-01-13T15:39:35.802-05:00Won't even your guesswork combined with the gu...Won't even your guesswork combined with the guesswork of your competitors create a tendency of the wage to move toward the productivity of the individual? If one employer's guesswork is wrong, that'll create losses for the business, and will create a pressure to lower wages in that industry. Vice versa if he's correct. If anything, your point makes it seem like a slower tendency or weaker tendency (rather than an incorrect statement) if the individual making the statement was not aware of the realistic conditions of wage-setting.<br /><br />Unfortunately, I am only a part-time worker, but in college, Dr. Callahan, not high school :)Anonymousnoreply@blogger.com