2 ms·
What are the unemployment stats like in those locations? How high is the minimum compared to the median? Note that this is basic supply and demand, some busine
by hueving 10y ago
What are the unemployment stats like in those locations? How high is the minimum compared to the median?
Note that this is basic supply and demand, some businesses sitting right at their maximum labor price point will be shut down.
- coldtea 10y agoYeah, but "Basic supply and demand" rarely applies cleanly in the real world -- as there are way more factors into play, and even interactions between such factors. In this case, however, businesses "sitting right at their maximum labor price point "should be worrying about that fact instead on surviving on subsistence wages and/or subsidies.