Friday, February 21, 2014

Take it from a Mulligan

Casey, of the U of Chicago publishes the above on his blog, Supply and Demand. The Laws of which tell us to expect a lower quantity demanded at higher prices for low skilled workers. Political tampering with the incentives facing that sector being abundant (99 weeks of unemployment insurance benefits, Obamacare, raises to the minimum wage in some states), the trend of the blue line is hardly unexpected.

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