#Economics#FailedScience#Employment
— E.K-H (@AXECorg) January 25, 2021
Your approach is as false as one can get. ⇒
S-D-E employment theory as an example of proto-scientific soapbubblinghttps://t.co/U9TWVQPnbN
The minimum wage debate: a showpiece of economists’ hereditary idiocyhttps://t.co/HuflN06ske
Employment
- NAIRU, wage-led growth, and Samuelson's Dyscalculia
- The minimum wage debate: a showpiece of economists’ hereditary idiocy
- Rethinking the Phillips Curve (II)
- Unemployment ― the fatal consequence of economists’ scientific incompetence
- Macrofounded labor market theory
- The role of labor and business in a well-organized society
- Cross-references Employment/Phillips Curve
So, in the final analysis, who pays for the minimum wage increase? In real terms, the complementary group pays, i.e. all those who do not get the increase. The wage increase does NOT affect the business sector's profit as a whole if the expenditure ratio = 1.