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Except the premise given by bumbly above was that the employee's labor is inelastic as they are locked into the industry, and thus the labor would shoulder all
by notch656a 4y ago
Except the premise given by bumbly above was that the employee's labor is inelastic as they are locked into the industry, and thus the labor would shoulder all of the tax without change in supply. Your comment is directly calling bumbly a liar.
- bumby 4y agoJust stop with the hyperbolic statements and strawmanning. It's against HN guidelines.[1] Also, I did not say their labor is inelastic (at least not at the collective level). The employees have a right to strike. However, the govt has said their labor is a necessity for the public good and has reserved the right to regulate it. Therefore, there is not a free market to set the price for labor as long as that regulatory mechanism exists. [1] https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html