Contrary to the Neoclassical Model of Competitive Markets, Wages Are Not Set Naturally
By Oren M. Levin-Waldman

Oren M. Levin-Waldman History, People, SocioEconomics, Westchester County, NY Leave a Comment

NEWARK, NJ — July 13, 2021 — Some small businesses, primarily restaurants, including fast food chains, still complain that they cannot find workers because of government programs that have effectively raised the reservation wages of their workers. This, of course, has created a moral hazard as workers have less incentive to return to work because they get more from non-work. …

Oren M. Levin-WaldmanContrary to the Neoclassical Model of Competitive Markets, Wages Are Not Set Naturally
By Oren M. Levin-Waldman