Re:What harm do minimum wages do?
by throwaway894345 on Wednesday August 19, 2020 @04:02PM
(#24215547)
I think this is a difference without a distinction. I was using "leverage" in a non-standard way (I didn't realize it already had a formal economic definition). The parent cited the relative ability for some employers to wait for lower labor prices to be evidence of an unfree market--such a definition of 'free market' seems like it would preclude differences in wealth (and thus runway to await better market prices) between any two players in a market.
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