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

Per Bylund @PerBylund · Feb 21, 2023

Good thread by a good economist:

Tweet Feb 20, 2023

by Jonathan Newman

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