overview for ViewSonik

OK Ill Start: Even if Companies starting paying people a lot more instead of themselves, they would also sinply raise the cost of products up to "acceptabce levels." What realistic laws could help? in c/politicaldiscussions

[–] ViewSonik 2 points 1 year ago (1 children)

Im no economist, so definitely have a lot to learn here in this space.

How is it working out in Switzerland regarding the 12x? That seems very interesting as well

OK Ill Start: Even if Companies starting paying people a lot more instead of themselves, they would also sinply raise the cost of products up to "acceptabce levels." What realistic laws could help? in c/politicaldiscussions

[–] ViewSonik 0 points 1 year ago (1 children)

Not sure I understand this comment that well tbh but Ill take a shot here.

Im no economist but it seems like “price elasticity” is more of a tool used by economists to measure specific price versus demand.

Definition I found online was “a measure that helps economists and businesses understand how sensitive the quantity demanded of a good or service is to changes in its price.”.

Why is it incorrect to think that as people are paid more, demand will increase for products unless prices of products rise with it?

X/Twitter CEO Shares and Deletes Video Ad That Features Tweets Dunking on Elon Musk in c/enoughmuskspam

[–] ViewSonik 35 points 1 year ago (2 children)

I have a hard time believing anything from that far-right nazi sympathizing website. So much so that I have a feeling this is just more “any news is good news” mentality mango started. I think Muskrat likes attention more than mango and that is quite the bar he set