4 ms·
Economics says that demand is a consumer's desire and willingness to pay a price for a specific good or service. Offering a job at a price below what someone is
by randomdata 9y ago
Economics says that demand is a consumer's desire and willingness to pay a price for a specific good or service. Offering a job at a price below what someone is willing to do it for is not demand at all. It has no impact on price, which is a function of supply and demand.
The mistake the article makes is counting these jobs as demand, when they really are not demanding labour. They are no more jobs than me asking you to come clean my house for free. It's a serious offer: I will be quite happy to come have you clean my house for free. But, for all meaningful purposes of the phrase, I don't think anyone considers that a real job.