2 ms·
It seems to me that economic rents typically end up being friction that allows the owner of capital to capture returns, not something that helps workers get it.
by winstonewert 10y ago
It seems to me that economic rents typically end up being friction that allows the owner of capital to capture returns, not something that helps workers get it.
- davidf18 10y agoIt applies to both labor and capital. Overuse of licensing for jobs, including barbers and hair stylists. Regarding labor, guilds or labor unions, or the American Medical Association that makes it more difficult for foreign doctors to work here than Israel makes it for foreign doctors to work there. And so on.