3 ms·
Prices elasticity doesn't need to be linear, nor do markets need to be perfectly efficient for higher labor costs to lead to lower employment. If you want to ma
by WillPostForFood 9y ago
Prices elasticity doesn't need to be linear, nor do markets need to be perfectly efficient for higher labor costs to lead to lower employment. If you want to make an honest argument for higher minimum wage, you need to address the cost of lower levels of employments for the very poor.