He will cite some economic study that assumes employers will drop wages. It is just that, an assumption and he believes it with all of his heart. If you get an explantion from him of exactly why that will happen in the real world please ping me. Inquiring minds.
He will cite some economic study that assumes employers will drop wages. It is just that, an assumption and he believes it with all of his heart. If you get an explantion from him of exactly why that will happen in the real world please ping me. Inquiring minds.Just like you assume prices will drop with nominal wages staying the same. The difference is that your assumption is your's, "mine" is actually the opinions of a vast array of economists.