Asian tigers leaving Taiwan behind (2018 edition)

[yyy]

@nc47

If they can’t fire or are forced to pay people a wage that’s not efficient, that’s a double whammy because both capital and labor are fixed.

@yyy

Can you show us these legendary immortal employees who are holding the tiger down?

@nc47

Sorry I missed this question. Could you ask it again, in English please? No idea what you mean.

I wasn’t joking – that thread is really something.

Labor reform...not going well

In spite of all the loss of life through tertrible accidents caused by exhaustion, and the cost of labor being low enough as it is, plus low enforcement of NHI a nd laobao payments, it seems teh economy is in such a state -or so they want u sto believe- that Taiwan simply can’t afford to pay fair wages or have workers rest reasonably. Again, we are struck with the “my way or the highway”… and we know last time enterprises said that was election time… and they won, but left anyway, and then they…

Now please, show us which employers in Taiwan are suffering from an inability to fire people.

(I won’t get started on wages.)

Also, what I said about labor and capital can be found in any intermediate and even beginning economic textbooks.

I don’t object to viewing economics as a science. I have two questions though:

1. Do you consider economics a hard (as opposed to soft) science?
2. Do you believe the science of economics is “settled”?