Introduction
The spread of abortion legislation across the US is massive, and some political leaders are concerned about the future of their states concerning the abortion ban. For example, Michelle Lujan Grisham is worried that the country’s government is trying to squeeze abortion in all states (Garrity). She believes it is a substantial social issue as people should have a right to do whatever they want with their bodies. The leader disagrees with the regulations and intends to empower society to make changes. The problem can be analyzed from diverse economic aspects, and understanding concepts may allow finding a solution.
Abortion Bans and Economic Risks for New Mexico
The abortion ban may have benefits and drawbacks from the economic perspective. On the one hand, more lives can be protected if risky abortions are not conducted. On the other hand, from the economic circle point of view, the process of demand, supply, and gain may be ruined. Abortion medication will not be developed officially, and supply from other countries or states will stop. Even though the demand and supply circle will be normalized, the shift in the economic situation will be visible.
Class Power and Abortion Legislation
The percentage of clandestine abortions may also increase, causing issues in the microeconomic situation of the state. Michelle Lujan Grisham aims to protect women and ensure they receive enough support for a decreased price. The production theory plays a significant role in this movement as it converts inputs into outputs. Also, finding new production methods can help reduce expenses (Broft & Koskela 272). If the ban is applied, the costs of illegal production of abortion medication will increase, causing more problems for women to receive support and protect their health. The price theory of the microeconomy also plays a massive role as the demand will stay the same, but supply may start decreasing because of the high production and distribution costs. In this case, the equilibrium is destroyed, and the general economic situation of the state may begin to fluctuate.
Abortion Laws and Microeconomic Stability
These days, the leader of New Mexico does not provide a restriction on abortions, but women should be prepared that their power may be limited. This phenomenon is called class power when aspects of capitalism play a crucial role (Broft & Koskela 275). In this case, the minority in the form of the government has complete control over the majority, which is the local society and state leaders. Even though the changes were not applied to the state, Michelle Lujan Grisham’s concern is convincing, and citizens should be aware of the potential economic changes that may influence their lives. Citizens might lose their power to control their lives due to the increasing tension in the surroundings.
Conclusion
In conclusion, while the microeconomy of New Mexico stays relatively stable, the problem of the abortion ban is becoming more appealing and realistic. While some people may find only benefits from the legislation, others might become more affected by the changes in the economic situation. When production costs increase, the profits decrease because the demand stays approximately the same. The risk of increasing clandestine abortions is also massive, and the problem may cause more economic issues like reducing population, labor issues, and decreasing the capital of the state. Therefore, the leader of New Mexico should continue evaluating potential threats to the rule and apply relevant solutions that may help reduce the number of microeconomic problems.
References
Broft, Rafaella D. and Koskela, Lauri. “Supply chain management in construction from a production theory perspective.” Proc. 26th Annual Conference of the International Group for Lean Construction, pp. 271-281.
Garrity, Kelly. New Mexico governor fears a national ban on abortion. Politico. 2023. Web.