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Why do you believe this to be a market failure?
by codeflo 3y ago
Why do you believe this to be a market failure?
- barney54 3y agoJust for sake of argument, let’s say it is market failure. But what will correct it first, the market or a new law passed by Congress?
- prepend 3y agoIs no one cleaning in Boston? It seems pretty easy to test whether it’s a market failure (ie, there are no cleaners cleaning in Boston). I think if you ask anything vs “new law passed by Congress” I’m going with anything. So at least the invisible hands will eventually solve this problem by raising cleaner pay until someone is willing to commute 60 minutes (note that was my commute in a larger metro area on programmer pay) or cleaners can afford closer.