Crusading for "a national $15/hour minimum supply-demand equilibrator" now sounds more dangerous, right? You think "maybe try EITC instead".
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It is imperative to use terms that allow common usage without needing too much study. No point in talking otherwise.
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Maybe arguing for wage transparency would help too. Leverage matters in negotiation, and info assymetry is massive leverage.
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Long-run supply-demand equilibrator
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OR... just a thought, let's just GIVE people the basic staples for life. Let economy decide the cost of pleasure, not survival.
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If only Kantorovich had followed that advice.
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Yeah, this suggestion only works for well-educated people who don’t happen to know much about econ.
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Equilibrating towards what ? The supplier's profit ?
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