The Virtues and Vices of Econ 101/employers
From Critiques Of Libertarianism
The fact that employers have significant power over their workers has plenty of consequences for how we regulate labor markets, not just in terms of minimum wage, but regarding unions, antitrust law and many other policies. Supply and demand just doesn’t cut the mustard here.
Noah Smith, "The Virtues and Vices of Econ 101"