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I feel like we can’t be reading the same thing. You’re saying that a market where there is more demand than supply is one where prices are lower? Again, I’m goi
by femiagbabiaka 8y ago
I feel like we can’t be reading the same thing. You’re saying that a market where there is more demand than supply is one where prices are lower? Again, I’m going to need a citation for that.
- remarkEon 8y agowhere did I say that prices are lower? I’m expressioning skepticism that a whopping 24% increase in hiring is due only to demand increases, which you heavily implied is the case. How much more would wages rise here if we weren’t artificially increasing the supply like this? We could certainly find out, if we wanted. But that would require some policy changes that are not popular to employers who are, incidentally, not interested in letting wages rise.