4 ms·
Doesn't that depend on the relative price sensitivity of the employer vs. the employee - namely, the elasticity of labor demand / supply?
by aoeusnth1 8y ago
Doesn't that depend on the relative price sensitivity of the employer vs. the employee - namely, the elasticity of labor demand / supply?
- conanbatt 8y agoThat is correct, its just that employees are a lot less inelastic than employers, for multiple practical reasons.