Screenshot, supply and demand curves for wages versus employment quantity (labor market supply curve), via Outlier.org featured in explainer "Economics Labor Market Supply Curves & Demand Curves" published May 26, 2022 by Sarah Thomas, Subject Matter Expert for Outlier.irg Economics. URL: https://articles.outlier.org/labor-market-supply-curve

Notices where this attachment appears

1. Embed this notice
   Femme Malheureuse (femme_mal@mstdn.social)'s status on Sunday, 17-Dec-2023 15:37:26 JST Femme Malheureuse

   in reply to

   @hllizi @davidaugust Yup, Economics 101 - supply and demand curves. A basic concept earlier than freshman year B-school, like market fundamentals kids learn trading for digital Neopets.

   This is the real problem with so-called "free market" unregulated capitalism: many capitalists don't understand economics, thinking markets listen only to them because of their capital. When it doesn't respond as they wish, they act corruptly to make a market controlled in their favor, ex. frozen minimum wage.