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Supply and demand also applies to the labour market. If you pay more, the best people want to work for you and you can hire the best people. Humans are not fung
by kennywinker 4y ago
Supply and demand also applies to the labour market. If you pay more, the best people want to work for you and you can hire the best people. Humans are not fungible, no matter how much businesses try to treat them that way.
- gruez 4y ago>Supply and demand also applies to the labour market Right, but for wages (ie. prices) to go up, you need to decrease supply or increase demand. Increasing the prices you pay doesn't do that.
- kennywinker 4y agoSupply and demand can "solve" for the price for an HD TV. It can't solve the problem of "do I need an HD TV or a 4K TV?".