tag:blogger.com,1999:blog-2277215496195926573.post6653986791538874303..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Computers improve job search efficiency.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2277215496195926573.post-24966090236515654682014-07-11T07:20:21.354-07:002014-07-11T07:20:21.354-07:00Hi Roger,
Re your 2nd para, “First of all…” its t...Hi Roger,<br /><br />Re your 2nd para, “First of all…” its true that not everyone uses computers, but employment agencies do, so you might expect that to reduce unemployment.<br /><br />Re your 3rd para, “Finally wages…”, what your’re saying there is that the “revenue product” of employees is important (that’s the addition to sales that each employ brings less the costs the employee causes – wages, materials, etc etc). Given very high unemployment, rev prod isn't too bad because new employees tend to be suited to vacancies (cos there’s lots of unemployed people to choose from). But as unemployment, the rev prod of each succeeding person hired tends to fall. And when it reaches the min wage / union wage etc, there’s trouble. Inflation rears its ugly head.<br /><br />So my solution is to subsidise those relatively unsuitable employees.<br /><br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-67792684013907698152014-07-11T06:33:27.118-07:002014-07-11T06:33:27.118-07:00Isn't there much more to the unemployment issu...Isn't there much more to the unemployment issue? <br /><br />First of all, many people do not use computers. The use or non-use of a computer is the first division point.<br /><br />Next, if we walk down the street, knock on each door and ask if the occupants could put someone to work, the answer would usually be "no". Give each occupant more time and maybe they would say "yes, I could use some help around the house or yard" but then would probably go on about how much that would cost or the barriers to hiring. The point here is that it is not easy to put people to work.<br /><br />Finally, wages are only part of the decision when considering to add employees. The ability to cash flow the added cost, the ability to manage the new employee constructively, and the existence of adequate workplace and tools are all important considerations. <br /><br />I get the idea that "wages are sticky". The minimum wage adds to the stickiness. It seems to me like the NEED for more labor is also a major driving factor. No doubt, need is always balanced against cost.Roger Sparkshttps://www.blogger.com/profile/01734503500078064208noreply@blogger.com