Really? I thought it was the consumer voting with his dollars that drove market forces...silly me...
I am sure glad you cleared that up for me...
Really? I thought it was the consumer voting with his dollars that drove market forces...silly me...
RiflemanSharpe is right -- which, sadly, makes you wrong. If the supply of labor increases, the price of labor (wages) decreases, assuming constant demand. You are correct about one thing -- this IS of course driven by market forces. It seems the economics behind the market you do not as yet understand. Might I recommend "The Wealth Of Nations" (Adam Smith) for your library.