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This doesn't work if every firm lists jobs like that, which is happening in CO
by missedthecue 5y ago
This doesn't work if every firm lists jobs like that, which is happening in CO
- lotsofpulp 5y agoThen that means there is too much supply of labor relative to demand and laborers should be looking into other markets. These mechanisms are not expected to work over the course of months or even a year. It can take multiple years for the supply curves to move.
- Ericson2314 5y agoI mean the labor market has virtually always been pretty fucked. The market doesn't clear, and all the minimum wage empirical studies invaliding econ 101 demonstrate its flaws. (To be clear, that is saying it would be better if raising the minimum wage did increase unemployment, because that would likely indicate the labor market wasn't completely fucked in employees favor to begin with. We simply wouldn't have a minimum wage in that case because there would be enough organic worker power.) Still, I rather have the transparency. Wide bands for all jobs makes it plainly obvious who holds the power, and that is still useful. Do not want my coworkers to be blissfully ignorant.)