3 ms·

> No, this is the lump of labor fallacy It’s literally the first rule of economics. Don’t midwit this…

• astrange 3y ago
  Econ 101ing at me /is/ midwitting, because labor economics is econ 201. See "partial equilibrium".
  • nemo44x 3y ago
    Saturating a single type of labor simply drives down market value for that type of labor. You need to increase population across the entire labor base for it to make sense.