3 ms·
At the expense of equal losses of employment from people competing for those jobs.
by djbebs 5y ago
At the expense of equal losses of employment from people competing for those jobs.
- enragedcacti 5y agoI don't understand what you mean, can you elaborate?
- j7ake 5y agoI think it means that if a company had money for $14/h for labour, and it originally hired 2 people for $7/h, then if minimum wage was raised to $14, one person would be fired and the other (presumably better) worker would get a raise. But total available capital for labour for the company did not change.