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To be fair, the labor market does have some gotchas. In particular, there's the phenomenon of "price stickiness", which is a big deal in labor (i.e., wage stick
by CWuestefeld 9y ago
To be fair, the labor market does have some gotchas. In particular, there's the phenomenon of "price stickiness", which is a big deal in labor (i.e., wage stickiness), but doesn't have nearly so much effect with other goods.
- dalbasal 9y agoDon't bring Keynes into this! We're way to far in the weeds already.