Tag: wages
Trade and Wages – Econlib
In his recent essay at American Compass, Michael Lind attempts to challenge certain aspects of economists' arguments for…
Minimum Wages and the Substitution Effect
The Substitution Effect: A Closer Look at Economics in Action The concept of the substitution effect in economics…
Are low wages a competitive advantage in trade?
Do Low Wages Give Countries an Unfair Advantage in International Trade? Many Americans believe that low-wage countries have…