OK. Let me rephrase for the master parser.
Do we get to allow wages to drop like Jorgenson and Wilcoxen did in their simulation even though it would be impossible to do in reality.
Do we get to allow wages to drop like Jorgenson and Wilcoxen did in their simulation even though it would be impossible to do in reality. If the equation did not allow for increases or decreases in wages, you'd complain about the formula. As is, you assert that the formula permitting the wage to change must mean that wages fall.
Talk about misleading.