08-15-2015, 01:01 PM
(08-15-2015, 12:57 PM)jakefromstatefarm Wrote: So what happens when the labor force participation rate falls down catastrophically because of this? You can't force companies to hire people that they don't need, right?
Demand is what determines production and employment levels. Increase in wages will increase consumption and demand.
Are you saying that right now companies are paying a lot of people they don't need?
