2 ms·
This is fact which feels related, but doesn't have much to do with labor market wage equilibrium.
by xtqctz 5y ago
This is fact which feels related, but doesn't have much to do with labor market wage equilibrium.
- Retric 5y agoHigh cost of living areas push people away when the local job market slumps. So, the equilibrium does end up relating to high housing costs just indirectly. Aka, if they paid less the local population drops which would reduce supply.