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I was simplyfying to make the example clearer. The overall point I was trying to make is that adding marginal workers can raise average wages if employers pay t
by graeme 8y ago
I was simplyfying to make the example clearer. The overall point I was trying to make is that adding marginal workers can raise average wages if employers pay the new workers more. (And thus, they don't, and complain of a supply shortage)
Is there a word for that?
Pointing out the "fallacy" in an incidental point I made isn't really constructive. Because I think you're agreeing that if new hires get more pay then so should existing workers.
You took as arguing that that shouldn't happen, but I wasn't arguing that.