Jewish Austrian Econs (JAE): (an apriori) Is the stickiness of prices deducible apriori, or was that discovery empirical? It was an empirical discovery.
Source date (UTC): 2021-11-08 16:26:35 UTC
Original post: https://twitter.com/i/web/status/1457746379216932868
Replying to: https://twitter.com/i/web/status/1457739296664920066
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Jewish Austrian Econs: (an apriori) Does raising the minimum wage increase unemployment? Empirical evidence says no. Instead it lowers rotation through low-wage jobs, preventing people from climbing the hierarchy of the workforce, and generates demand for redistribution (France).
Original post: https://x.com/i/web/status/1457739296664920066
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