Bonus Quotation of the Day…

by Don Boudreaux on March 5, 2020

in Competition, Myths and Fallacies, Standard of Living, Work

… is from page 37 of Michael Strain’s new (2020) book, The American Dream Is Not Dead (But Populism Could Kill It):

There is a limit to how far a business can push its wages below those being offered elsewhere in the market. That business will find its workers increasingly averse to putting in a hard day’s work and will find it increasingly difficult to hire and retain workers. Market forces are very influential in real-world business decisions.


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