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Lots of interesting things happen when you play with price. Sometimes its higher-paying workers that benefit the most: if you can handle data management manuall
by conanbatt 8y ago
Lots of interesting things happen when you play with price. Sometimes its higher-paying workers that benefit the most: if you can handle data management manually at 7.5U$S you hire cheap labor. If it costs 15U$S you hire an engineer to make a permanent and scalable solution.
I am not enamored by the concept of minimum wage, and to this day its a fight among economists.
- drak0n1c 8y agoThe minimum wage has exactly the same effect on labor as the carbon tax has on the energy industry. There are winners and there are losers. But generally, when the government decides, there is deadweight loss in efficiency.