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by BurningFrog
2640 days ago
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These things are hard to think about. A new worker (or 50 million new female workers) does on one end increase the supply of labor, which should lower the price (wages) of it, but s/he also starts spending an income, which increases general demand in the economy and acts to push up wages. It's not obvious what the net effect is. Economists probably have a (or several :) well thought out and validated answers to this, but my gut feel is that it all evens out. |
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I don't have the answers to these questions unfortunately.