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The other problem is that dumping millions of teenagers into the workforce would decrease wages for older people.
by wtn 17y ago
The other problem is that dumping millions of teenagers into the workforce would decrease wages for older people.
- mmt 17y agoThis is only a problem if one assumes labor and wages are a zero-sum game, which I think most people on HN would disagree with.
- stretchwithme 17y agoexactly. any new worker will add to both demand and supply or save his money for someone else to borrow and add to demand.