tag:blogger.com,1999:blog-1740670447258719504.post2571030746139760058..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: Did Don Boudreaux - for a second time in as many days - propose a shift in the MRP curve as a counter-argument for a shift along the MC curve?Evanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1740670447258719504.post-6559126842549710142013-02-23T22:44:42.334-05:002013-02-23T22:44:42.334-05:00My point being, is there implicitly a limit on thi...My point being, is there implicitly a limit on this growth of the workday? If not, Don is right. If there is, Daniel is right. Ken Bhttps://www.blogger.com/profile/12976919713907046171noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-48384771815135426252013-02-23T22:23:31.422-05:002013-02-23T22:23:31.422-05:00I pay you $9 to make 4 widgets per hour. Now I hav...I pay you $9 to make 4 widgets per hour. Now I have to pay you $9 to make 3 widgets in the same time. Assuming you are willing to work longer, so I can get 32 widgets out of you a day, this is equivalent to paying you $12 and letting you beaver away at 4 widgets per hour. Ken Bhttps://www.blogger.com/profile/12976919713907046171noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-36270319919873229212013-02-23T14:37:21.699-05:002013-02-23T14:37:21.699-05:00The whole point of mandating a break is that the w...The whole point of mandating a break is that the workers are at work and on the clock and getting paid. One hour at work produces three quarters as much product.<br /><br />Read how Don phrased it: "Suppose the government were to mandate, not an hourly minimum wage, but, instead, an hourly minimum break time. Specifically, suppose Uncle Sam were to oblige employers to force each worker earning less than $9.00 per hour to take at least 15 minutes of break time each and every hour. Is it plausible that employers would continue to pay their low-wage workers for 45 minutes of work per hour the same wage that these employers paid for 60 minutes of work per hour?"<br /><br />If there was just a mandate that the day be chopped up that might not have quite as big of an impact but it has even less to do with the issue at hand than the original proposal.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-15933511331004649752013-02-23T13:14:21.979-05:002013-02-23T13:14:21.979-05:00"If you make someone take a break for a quart..."If you make someone take a break for a quarter of every hour they are working on the job you are roughly reducing their productivity by a quarter. You are shifting the MRP curve to the left. "<br /><br />If laborers are NOT laboring during those 15 minutes, then their MRP won't necessarily decrease, would it? Per working hour, there is no necessary reduction in output, mathematically speaking.<br /><br />The only way that mandatory non-labor periods introduced into labor periods would reduce a worker's MRP would be if their regular work is affected by the continuous breaks in a positive or negative way.<br /><br />Or is the assumption that the 15 minutes per hour of doing nothing still "counts" in a worker's labor hour output?<br /><br />If that's true, then that would imply that the MRP for an 8 hour workday worker can be increased if they stopped taking 16 hour breaks per day. But that is rather silly, which means so is including the 15 minute breaks per hour.Major_Freedomnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-29770116827852101772013-02-22T18:00:40.791-05:002013-02-22T18:00:40.791-05:00Loved that movie. Had quite forgotten about it. ...Loved that movie. Had quite forgotten about it. Thanks for reminding me. :)The Libertarian Standard Bearerhttp://www.thestandardisthestandard.isthestandard.comnoreply@blogger.com