Free market types love the sticky wages idea because it blames workers for their own unemployment (which is really caused by inequality, incomplete contracts, t

Free market types love the sticky wages idea because it blames workers for their own unemployment (which is really caused by inequality, incomplete contracts, the unstable dynamics of investment, etc). The irrelevance of sticky wages was sorted out over eighty years ago but people like Cowen pretend otherwise because they need to. And as an empirical matter, wages really aren't even that sticky anyway.