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jdhopeunique | 8 years ago
I've seen the lump of labor fallacy come up many times on HN and often it is a case of simplistic reductions of statements like: "Increased labor supply cheapens wages." to some variation of "They are taking our [finite, limited supply] jobs." What may seem like a lump of labor fallacy(that there is a fixed amount of work) may simply just be an application of the law of supply and demand that does not assume fixed supply or demand. The fixed amount of work is assumed by the hearer of the argument and not the maker.
Additionally, even someone who is under the illusion of the lump of labor fallacy may still instinctively understand the law of supply and demand well enough to vote for his or her best interests.
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