3 ms·
The labor market is governed by the law of supply and demand, just like any other. If you arbitrarily increase the price of something, in this case low-skilled
by stretchwithme 14y ago
The labor market is governed by the law of supply and demand, just like any other. If you arbitrarily increase the price of something, in this case low-skilled labor, surpluses are the result.
If you want to help people, find a way that doesn't destroy the incentives to hire them and the incentives to become a more valuable employee.