Congressional Democrats reveal that working Americans are paying the price for Trump's $1.5 trillion military funding, with gas prices soaring and families struggling to afford essentials. Are Republicans prioritizing war over the well-being of American families?
Not all of it, but some definitely is. When the demand is highly inflexible, you genuinely can just vaporize some of that money by fucking up logistics and contracting supply.
If you really need me to dig a hole in your backyard but I suddenly need to use a shovel because my excavator broke – and you still need me specifically to do this job – then you end up paying me an extra $x for the additional hours breaking my back. Assuming a steady demand for my work, I’ve accomplished the same amount of work, been paid the same hourly rate, but you’ve paid more – effectively vaporizing it if you’d expected fewer hours paid. It’s still there, but I didn’t make any excess profit from it, and you lost out.
Iran has been cleaning up on extortion, while this article from The Conversation by Nikhil Datta and Johannes Brinkmann of the University of Warwick goes into detail about how gas stations (not oil companies) have their margins squeezed during rapid price hikes. Haven’t looked into what oil companies are doing with this besides publicly saying “shit’s bad yo” for weeks.
An excavator and a person digging a hole charge two vastly different rates.
Equipment is $100+ an hour, plus the operator at $30+, hole digging can be done minimum wage. If your excavator is broken and you try and charge the same rates, you’re gonna be outta business fast. It’s up to you to be fluid enough and have labour to handle issues like this. Like if it breaks down, you better already have a contingent plan, even if it costs your own paycheque.
That said, companies will do posts holes for $20 a hole with 10 minimum. But that’s free access and an auger only. Removal is on you.
Yes, you’ve found the holes in a simplified toy example meant to convey how complicating logistics can mean neither party in a transaction is benefiting from increased prices.
If you want to join me, there’s a Physics 101 class in the other room assuming a vacuum with zero friction and a simple pendulum on a massless string; we can go point out all the ways their example is bullshit.
This money isn’t just vaporizing. Someone is cleaning up on these skyrocketing prices.
Not all of it, but some definitely is. When the demand is highly inflexible, you genuinely can just vaporize some of that money by fucking up logistics and contracting supply.
If you really need me to dig a hole in your backyard but I suddenly need to use a shovel because my excavator broke – and you still need me specifically to do this job – then you end up paying me an extra $x for the additional hours breaking my back. Assuming a steady demand for my work, I’ve accomplished the same amount of work, been paid the same hourly rate, but you’ve paid more – effectively vaporizing it if you’d expected fewer hours paid. It’s still there, but I didn’t make any excess profit from it, and you lost out.
Iran has been cleaning up on extortion, while this article from The Conversation by Nikhil Datta and Johannes Brinkmann of the University of Warwick goes into detail about how gas stations (not oil companies) have their margins squeezed during rapid price hikes. Haven’t looked into what oil companies are doing with this besides publicly saying “shit’s bad yo” for weeks.
No, YOU have the money now. It’s not “vaporized”; you fucking made more.
If you were the one that broke the excavator on purpose so you could charge more then you’re a scumbag like Donald
Maybe I’ll have to look into the ways literacy can vaporize when you want to be angry and don’t give a shit.
An excavator and a person digging a hole charge two vastly different rates.
Equipment is $100+ an hour, plus the operator at $30+, hole digging can be done minimum wage. If your excavator is broken and you try and charge the same rates, you’re gonna be outta business fast. It’s up to you to be fluid enough and have labour to handle issues like this. Like if it breaks down, you better already have a contingent plan, even if it costs your own paycheque.
That said, companies will do posts holes for $20 a hole with 10 minimum. But that’s free access and an auger only. Removal is on you.
If everyone’s excavators are broken it’s going to cost more for everyone.
Yes, you’ve found the holes in a simplified toy example meant to convey how complicating logistics can mean neither party in a transaction is benefiting from increased prices.
If you want to join me, there’s a Physics 101 class in the other room assuming a vacuum with zero friction and a simple pendulum on a massless string; we can go point out all the ways their example is bullshit.