Hacker News new | ask | show | jobs
by p0pcult 1277 days ago
If, as you say, this is a demand surge, classical economics would suggest that the price of the demanded good/service should go up.

The article, however, is very clear that this is a supply issue, and not a "demand surge."

In either case, it seems that equilibrium would set wages higher.

1 comments

Why would you assume a free market system in healthcare?
Why are you assuming that the labor market = the healthcare market?

I completely agree that "healthcare" is not a very free market. But we are not talking about buying medicine or medical procedures, are we?

Is that a free market system? It seems to me the parent is talking about the concept of price equilibrium, nothing else.
Price equilibrium is a foundational free market concept. It technically can't exist in a non-free market.