That artificial pressure is just being applied in different ways unfortunately.
-
-
- Show replies
New conversation -
-
-
Mises posting.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
But the minimum wage applies pressure from below, not above. I think you meant to describe a different phenomenon.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Price discovery will continue until conditions improve.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I would think the minimum wage is more a value of a human being. It's a rating of human dignity. We're more than the number of widgets we produce.
-
That's a better rationale for UBI than minimum wage. Your intrinsic value as a human being does not imply your labor is valuable or productive, and markets should reflect that.
End of conversation
New conversation -
-
-
Sorry but the labor market is always in equilibrium. Minimum wage or not. Usually firms do not have to incur search cost potential employees do. Now employers are footing the search costs. This too shall pass.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Was the minimum wage removed???
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.