3 ms·
>But if the employer could pay less for labor in the U.S. then perhaps they would have kept the jobs here. The notion of a sustained equilibrium between supply
by harrumph 10y ago
>But if the employer could pay less for labor in the U.S. then perhaps they would have kept the jobs here.
The notion of a sustained equilibrium between supply and demand is a real-world fiction to begin with, but even if it was not, we can never forget that fulfilling employers' true demand for labor includes putting children to work in coal mines and chaining humans for sale. True demand for labor is unfulfillable, so I think we have to recognize that using pricing mechanisms alone to frame what are fundamentally commercial and political questions is a mistake for all concerned.