4 ms·
Which is good right?! Nope! Labor markets can reach a point where each job added does not create enough productivity to cover its cost, every next job after tha
by phabricator 4y ago
Which is good right?! Nope! Labor markets can reach a point where each job added does not create enough productivity to cover its cost, every next job after that is inefficient ("slack").
With an unemployment rate as drastically low as many right to work states, wage inflation becomes a big issue, so companies hire less efficient employees.
https://www.marketwatch.com/story/could-rising-wages-scuttle-the-small-cap-stock-surge-2017-05-12 https://www.marketwatch.com/story/could-rising-wages-scuttle...