Difference between revisions of "Good Jobs versus Bad Jobs"
From Critiques Of Libertarianism
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| − | {{DES | des = Minimum wages and unemployment benefits shift the composition of employ- ment toward high-wage jobs. Because the composition of jobs in the laissez-faire equilibrium is inefficiently biased toward low-wage jobs, these labor market regulations increase average labor | + | {{DES | des = Minimum wages and unemployment benefits shift the composition of employ- ment toward high-wage jobs. Because the composition of jobs in the laissez-faire equilibrium is inefficiently biased toward low-wage jobs, these labor market regulations increase average labor productivity and may improve welfare. | show=}} |
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