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How Demand Curves Slope Downward

Given that numerous prominent economists have publicly stated that the demand curve for low-skilled labor is vertical (that is, changes in wages have no effect on employment of low-skilled labor as long as the wage changes are "moderate," I thought it might be useful to remember the numerous ways that employers reduce employment when they are compelled to pay more simply because legislation requires it. Go to this clear and practical exposition by Coyote Blog from the past.

Coyote Blog also has this superb post up today on how so-called campaign finance regulations throttle freedom of speech.


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