Can't make money off of me if I don't exist rule
gandalf_der_12te @ gandalf_der_12te @feddit.de Posts 12Comments 448Joined 2 yr. ago

gandalf_der_12te @ gandalf_der_12te @feddit.de
Posts
12
Comments
448
Joined
2 yr. ago
China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt
Deleted
r(eal)ule
Deleted
r(eal)ule
Deleted
r(eal)ule
Deleted
rule
The labor market is a market - that means it is regulated by supply and demand.
Now, there's a demand for workers.
Now, think about what happens when the supply goes down - prices go up.
In other words: If there are fewer workers on the labor market, that means the price for labor goes up, in other words: wages go up.