top | item 32499509

(no title)

jrkatz | 3 years ago

Right, I am suggesting that a city can play out this competition by paying higher wages, i.e. paying suburban workers directly, rather than indirectly via subsidy. The experiment here is in wondering what those same workers would do given a net zero change to their income through a larger paycheck and higher housing costs. The subsidy doesn't allow efficient price discovery.

discuss

order

No comments yet.