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Yes, there's always a "shortage" of workers willing to work for less than market rate, just like there's always a "shortage" of free beer. That's market equilib
by gridlockd 7y ago
Yes, there's always a "shortage" of workers willing to work for less than market rate, just like there's always a "shortage" of free beer. That's market equilibrium.
It's clearly not a shortage in the economic sense, but it still makes sense to frame it as such, if you're buying labor.