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Doesn't the practice of minimum wage and labor rights also allow the worker to "extract rents above those the market would ordinarily bear"? Do those practices
by nprz 7y ago
Doesn't the practice of minimum wage and labor rights also allow the worker to "extract rents above those the market would ordinarily bear"? Do those practices make society as a whole worse off?
- komali2 7y agoThe libertarian or whatever this person identifies as will claim yes, which kind of goes to show that we should reject these anti-human economic philosophies, never mind the fact that they're economically unsound anyway.