Manfred comments on A potentially great improvement to minimum wage laws to handle both economic efficiency as well as poverty concerns - Less Wrong

0 Post author: VijayKrishnan 26 July 2011 12:07AM

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Comment author: Manfred 26 July 2011 05:47:20AM 1 point [-]

This estimation might be affected by the availability heuristic - I don't see a reason why marginal cost of labor should jump around a lot, so maybe it's so common for low-benefit jobs not to be filled that nobody comments on it.