4 ms·
To respond to your anecdata: In a capitalist system, isn't it their fault for not being able to compete? Why should we lower wages for thousands of workers beca
by WhompingWindows 7y ago
To respond to your anecdata: In a capitalist system, isn't it their fault for not being able to compete? Why should we lower wages for thousands of workers because you personally know failing businesses?
- subject117 7y agoEmployees who could have been hired by these businesses won’t be now. This creates more competition for the workers because it decreases the supply of jobs. (ECON 101)