
Labor Econ Versus the World (with Bryan Caplan)
Free Thoughts
00:00
Labor Is More Important Than Asparagus
When you raise the price of either labor or asparagus, expect the people want to buy less. The difference is that when you raising the price of saragus, there's some asparagus that rots on the shelf. When you raise the cost of labor then you actually will standardly get higher employment. People feel a strong need to do something productive and be part of a team.
Transcript
Play full episode