I saw this on facebook the other day.
It sounds like your usual Bill Maher complaint that some of you may be quick to dismiss, and ultimately I don't know if I entirely agree with it either. But there's more to it than first meets the eye, and it hinges on questions of wage bargaining, monopsony, etc. in a lot of ways.
So what is the economic science behind intuition like this? What's your take on it?
For the Weekend...
6 hours ago