Occasional Tweets: Employment theory ― where economics becomes toxic for WeThePeople

 

#LearnEcon

The macroeconomic #EmploymentLaw states ― roughly speaking ― that an increase of the average wage rate is GOOD for employment. Microeconomic labor market theory has always been proto-scientific garbage.

Wage rate and employment: the basicshttps://t.co/qWpFWYosDj

— E.K-H (@AXECorg) May 15, 2021

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
• The missing elephant of full employment policy
• Wage rate and employment: the basics
• Go! ― test the Profit and Employment Law
• Supply-demand-equilibrium employment theory as an example of proto-scientific soap bubbling
• The set screws of overall and individual employment
• Full employment, the Phillips Curve, and the end of Gaganomics
• Full employment through the price mechanism
• Toward a non-Neanderthal employment policy
• Full employment: thinking like the macro-boss
• The key to macro and Keen's debt-employment model
• Mass unemployment: The joint failure of orthodox and heterodox economics
• For more about employment see AXECquery.