Eugine_Nier comments on Politics Discussion Thread September 2012 - Less Wrong

-1 Post author: Multiheaded 05 September 2012 11:27AM

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Comment author: Eugine_Nier 12 September 2012 03:32:18AM 2 points [-]

Your scenario presumes that said cartel covers all the corporations in the industry, otherwise employees would go to places with better working conditions, unless the the places with worse working conditions paid more to compensate.

That was my attempt to describe what is essentially a 3-dimensional labor supply function in words, hope it wasn't to confusing.