“Unfortunately, increasing the flow of money to the begging sector just increases the number of beggars – it does not make individual beggars better off.” – Eliezer Yudkowsky
“Unfortunately, increasing the flow of money to the begging sector just increases the number of beggars – it does not make individual beggars better off.” – Eliezer Yudkowsky
July 9, 2012
The first half of the sentence is easy to believe, but the latter is not. What is the evidence of rationale behind it?
To a first approximation: If you don’t push enough money into the begging sector to raise the equilibrium wage as a whole, people will flow into the begging sector until wages there are equal to wages elsewhere.
But it does make better off the people who couldn’t have made it to the begging sector otherwise?
Yes actually, xuenay.