3 ms·

Think further a few more steps. There will be an equilibrium around a pay where there is a long enough line for unskilled labor to fill all demand. Assuming an

by croon 7y ago

Think further a few more steps. There will be an equilibrium around a pay where there is a long enough line for unskilled labor to fill all demand. Assuming an Econ 101 efficient transparent market.

littlestymaar 7y ago
> Assuming an Econ 101 efficient transparent market. Which is basically “assuming a flat earth and atmosphere approximate to vacuum”. You can't get many useful insights from that.