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by snarfybarfy
2851 days ago
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Which market value of labor are you speaking of? This seems to be a common fallacy, because people call it the 'labor market'. However I would claim that there is no labor market in the classical econ 101 sense. A market needs to be transparent, have low transaction costs, be voluntary and have a sufficient number of buyers and sellers. Otherwise you might still call it a market but it will not have any magical properties that the government shouldn't mess with. |
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