information costs make it difficult for workers to understand the specific situation of the job before they actually take a job, so that it is difficult to form a wage asking price that truly reflects their opportunity cost; the job search process takes a lot of time and energy, limiting the number of jobs each worker can carefully consider and apply for, rather than choosing between all available job opportunities; the “non-compete clause” prevalent in many industries restricts workers from joining the same industry after leaving the company The employment of rival companies in China has also limited the alternative options for labor.
In the vernacular, neoclassical economics originally wanted us to "believe" that the boss, like thousands of laborers, has no bargaining power. As much value as the laborer can create, he needs to pay as much wages. Otherwise, the laborer will run away. Go somewhere else. Therefore, raising the minimum wage by the government will make the boss unable to sms services hire employees at all, and unemployment will be rampant. However, David Card's research "confirms" that the boss may really be different from you, he can hold down wages, someone will still do it, and he earns more because each worker contributes more than his salary.
At this time, the intervention of the minimum wage is to achieve justice, improve the rights and interests of disadvantaged workers, and even create employment. m8qf97lr0740e25qwflq79fsddsxwl Photo Credit: WebMD Where is economics? 1 2 » Read the full text Don't want to paginate? Try our new service you may also like The Japanese and Mount Fuji (Part 1): The fear of Mount Fuji has been transformed into the mountain belief of the practitioners "going to worship" "Reading Summer LaLa" Ep. 30: Working from home during the epidemic may be the best time to check your "work physique" Why did Ant Financial become a "horse has now served"?