6 ms·
You can find metastudies on historic minimum wage effects on prices or employment rates, spoiler alert: there is no correlation in sight. Same for rent control.
by user____name 1y ago
You can find metastudies on historic minimum wage effects on prices or employment rates, spoiler alert: there is no correlation in sight. Same for rent control. Sadly that doesn't stop people from taking econ 101 and think they can use it to explain everything.
- const_cast 1y agoPeople ham-fisting free market economics is incredibly frustrating. Nobody actually bothers to do step 1: explain how a particular market is a free market. If they did that, they would be realize that all their conclusions they draw have zero foundation. The labor market is NOT a free market, and that's good. Everyone wants it to not be a free market. But that complicates things, and we can't make 1 million assumptions and draw basic conclusions. We actually have to, you know, analyze things.