Truck Load Rates Halt 8 Week Slide 2.0

I call it a quasi - business. A man has to do something to eat...I don't like the idea of being hired by you or anybody else.
Yes, If I were hungry I'd work for food, if that's all they could pay...that's capitalism, ain't it?
I disagree, I do have an established sense of capitalism, whether I subscribe to it or to what extent is my prerogative...and I don't really need your literature referrals to grasp it.

BTW That was a good read.

 

It's because the way you post, you don't sound to have an academic discussion, rather you portrait yourself as an angel with good morals and ethics, yet trying to make everyone looks like dicks taking money away from poor innocent people.

Your stubbornness still makes you look at the unemployment thing from a different angle. The pandemic lockdown unemployment was not a regular everyday unemployment when lazy people sit at home and don't want to work. It was special circumstances when government shut everything down and literally was paying people to sit at home, giving PPP loans for lost income and all that stuff. Yet you chose to run for $1 a mile.
I respect your moral values, but IMO you lack some simple common business sense, which the whole truck selling debate also proves

Maybe you should become a monk, you will be a great one after all.

 

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@DUNE-T
I just wanted to show you that I will always stand by what I say. Don't think I am embarrassed of things I told you. If I am wrong I always correct myself. But on the second thought, I won't distract the thread on with my personal messages to you.

 

As an economist, let me tell you how we look at this: the value of resources, be it assets like trucks or labor, is determined by the market.

“Work” to an economist is the production of goods and services. In trucking, labor and capital combines to provide a service. Without the truck, the labor produces nothing, and without the labor the truck produces nothing, The market determines the value of the service, and that in turn determines the value of the combination of the capital (the truck) and labor (the driver).

The value of the truck is determined by the value of the service minus the cost of the labor needed.

there is no morality there: those who can provide the highest value service can pay the most for either trucks or drivers, which is the way the market allocates resources.

So, in this scenario, the value that the new truck can bring to @Long FLD is lower than it brings to someone else who provides a higher value service. That creates a disequilibrium. To reach balance, the “market optimization” as we economists call it, the market gives him a money incentive to sell the truck so it can be put to work in a better, economically speaking, function.

From that perspective, the best outcome for society is for him to sell the truck, and you could argue that it would be economic misbehavior (though not immoral) to keep it.

 

Joe, if you're looking to pick a fight with somebody try the Politics section. Quit trolling here, you won't like the outcome.