Re: Economics and Ideology
Greg Sloop, Portland OR
>I should probably keep my mouth shut, but I often have difficulty doing so.
I'm having a hard time deciding who to "side" with here.
Michael R has probably been the only one in this thread who has used real figures and guess-work to reach some conclusion, and it seems that the result is a lot of opinion taking issue with his conclusions.
While I think he's missing some of those points, and I think his delivery may be a bit more pointed than needed, I think in general he's right.
If one is to argue with the basis of his argument, I think one needs to start with the "basis" rather than arguing some opinions.
The result, IMHO, is that his basis stands largely intact. We may find his characterization less than appealing and want to couch that in terms that are more appealing and show a more acceptable stand, but the basics are unchanged.
I think what many have said, as I understood it is this...
LN and LV may be able to charge more because that is what the market will bear. However, it appears as though LV and LN are both taking those "profits" and distributing them back to the employees as wages etc.
Thus, in a way all are right. They are charging what the market will bear, but rather than "pocketing" it, they are paying it back out in good jobs and wages, health care, caring for the environment etc. Still however, it's based on what the market will bear, rather than "required" production costs. (And I'm as guilty as others, as I have no real basis for making these assumptions, other than I see the proof in the pudding as I know about the companies themselves.)
The conclusion is that my political belief that workers ought to be able to work at a living wage can impact the economics of the situation.
I (when accompanied by others) can choose to buy items that are more costly than they must be, simply because I'm getting more "percieved" value by buying from a vendor who does care about emoployees, the environment etc.
Cheers,
Greg