Re:What harm do minimum wages do?
by dnautics on Wednesday August 19, 2020 @06:54PM
(#24217802)
> because each party values the thing they are receiving more than the thing they are giving away.
We're not disagreeing. I think I could have been imprecise. It seems a lot of arguments made by economists who should know better quietly use models which which effectively ignore the "most basic assumption" or average it out, which is a nonsensical operation.
We're not disagreeing. I think I could have been imprecise. It seems a lot of arguments made by economists who should know better quietly use models which which effectively ignore the "most basic assumption" or average it out, which is a nonsensical operation.