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Per Bylund
@PerBylund
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Feb 21, 2023
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Good thread by a good economist:
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Feb 20, 2023
Look at this diagram for sticky wages by MRU (Cowen and Tabarrok). It clearly shows a mismatch between Qs and Qd in a labor market. Pay close attention to the causes of sticky wages as explained by Tabarrok: twitter.com/NewmanJ_R/status/162778650686
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Jonathan Newman
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