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If you increase the labor pool, the value of individuals in the pool goes down. There's no other way to slice it. If unskilled laborers are somewhat scarce, the
by DangitBobby 5y ago
If you increase the labor pool, the value of individuals in the pool goes down. There's no other way to slice it. If unskilled laborers are somewhat scarce, they may stand a slight chance of receiving a wage higher than the legal minimum (reasonable or otherwise).