Re: [Pen-l] lump of labor

[Carrol Cox <cbcox@xxxxxxxxx>]

If the reduced hours did result in anything like full employment, wages
might fall _very_ temporarily, but then they would almost certainly
begin to climb, and fairly rapidly I would think, as larger work forces
would be required and competeition for labor would develop. Isn't that
usually the effect of full employment?

Carrol

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