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To: Boogieman

If labor was infinitely interchangeable, the price would go down. But it’s not...


34 posted on 01/27/2015 8:28:04 PM PST by gogeo (If you are Tea Party, the eGOP does not want you.)
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To: gogeo

Well, I was oversimplifying to illustrate a point, but the essential economics still stand. Labor is not infinitely interchangeable, but it doesn’t need to be so. It is interchangeable to one degree or another, which is enough to increase the supply.

All you can argue is that certain jobs or sectors might be affected less, or not at all, but the general effect doesn’t change.


40 posted on 01/27/2015 9:47:19 PM PST by Boogieman
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