3 ms·
It seems you're confusing individuals with the general labour market. In aggregate, the workforce will adjust. The aggregate employee isn't going to put themsel
by randomdata 3y ago
It seems you're confusing individuals with the general labour market. In aggregate, the workforce will adjust. The aggregate employee isn't going to put themselves in a money losing situation just to have a job. An individual might, but nobody is talking about individuals (except you).
- danaris 3y agoNo; that only works if the labor market, in aggregate, resembles an ideal free market. It does not. There are far too many constraints on people's employment and the information they have for it to be amenable to "free market theory".
- randomdata 3y agoThere is no mention or implication of there being a free market. Start a new thread if that is a subject you are interested in. Nobody in this thread is.