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mariel boatlift study found that even with a 7% short-term supply shock to labor concentrated in only miami in only low wage work led to no disruption in either
by JackYoustra 1y ago
mariel boatlift study found that even with a 7% short-term supply shock to labor concentrated in only miami in only low wage work led to no disruption in either employment or wages: https://davidcard.berkeley.edu/papers/mariel-impact.pdf https://davidcard.berkeley.edu/papers/mariel-impact.pdf
lump of labor simply never happens. I know it's fashionable to say 'wage suppression' but wages mostly reflect productivity in competitive AND deregulated markets!