Agree. If you do math, the compounding interest formula is an easy derivation. But most econ degrees have like "business math" and nothing beyond algebra. But they learn to solved "complex" problems like this:
If you have 6 workers, and each worker earns $10/hr and can produced two widgets an hour and your product sells for $12, what is the total surplus value extracted from your labor force?
See, this is where Econ nerds get all tripped up. Business Bros know that you tell them their IBS "isn't a real disease" and track their time in the shitter, then don't pay them and fire them. Mathematically, very few of them will sue you, so you come out ahead every time.
Agree. If you do math, the compounding interest formula is an easy derivation. But most econ degrees have like "business math" and nothing beyond algebra. But they learn to solved "complex" problems like this:
Answer: $84/hr
See, this is where Econ nerds get all tripped up. Business Bros know that you tell them their IBS "isn't a real disease" and track their time in the shitter, then don't pay them and fire them. Mathematically, very few of them will sue you, so you come out ahead every time.
Lmao. "Mathematically". Do they even think about it probablistically, or is daddy enough of a scum fuck that failchild just thinks they're invincible?
Econ is the "formal" study of exploitation. Business Bros is the implementation. Theory vs. practice.
The #1 thing somebody learns in MBA school is that it's always better to break the law when the fine is less than the benefit. That's algebra 1 baby!