2 ms·
> $4/hr but due to the Baumol effect nobody is willing to work for that amount. No, it is NOT the Baumol effect that causes that. It's due to the fact that yo
by TomSwirly 6y ago
> $4/hr but due to the Baumol effect nobody is willing to work for that amount.
No, it is NOT the Baumol effect that causes that. It's due to the fact that you cannot afford to live on $4/hr.
- Smaug123 6y agoBut why can you not afford to live on $4/hr? Or, why is everything so much more expensive than it used to be? These questions may have answers or they may have broken assumptions, but you did not even attempt to address the point at issue.