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I have always thought that spare time is quite clearly a giffen good for significant amount of people. (If it was not, people would work shorter days in sweatsh
by beefield 9y ago
I have always thought that spare time is quite clearly a giffen good for significant amount of people. (If it was not, people would work shorter days in sweatshops than western middle class jobs.)
And if spare time is giffen good, it is quite natural that increase in minimum wages does not increase unemployment.