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by usefulcat
14 hours ago
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If the labor supply is flexible (which is the case being discussed here with foreign workers commuting to Switzerland), then increasing wages will tend to increase the number of potential workers, but it won’t create additional jobs. Meaning that if you are able to get a job yes you’ll get paid more, but because there are now more people competing for the same number of jobs you’re also less likely to get a job. |
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