4 ms·
If, as you say, this is a demand surge, classical economics would suggest that the price of the demanded good/service should go up. The article, however, is ve
by p0pcult 4y ago
If, as you say, this is a demand surge, classical economics would suggest that the price of the demanded good/service should go up.
The article, however, is very clear that this is a supply issue, and not a "demand surge."
In either case, it seems that equilibrium would set wages higher.
- rdtwo 4y agoWhy would you assume a free market system in healthcare?
- subw00f 4y agoIs that a free market system? It seems to me the parent is talking about the concept of price equilibrium, nothing else.
- yucky 4y agoPrice equilibrium is a foundational free market concept. It technically can't exist in a non-free market.
- p0pcult 4y agoWhy are you assuming that the labor market = the healthcare market? I completely agree that "healthcare" is not a very free market. But we are not talking about buying medicine or medical procedures, are we?
- deleted 4y ago[deleted]