In response to:

# Mandated Wages and Discrimination

The liberal what?

## Mandated Wages and Discrimination

Let's work through an example. Suppose 100 yards of fence could be built using one of two techniques. You could hire three low-skilled workers for \$15 each, or you could hire one high-skilled worker for \$40. Either way, you get the same 100 yards of fence built. If you sought maximum profits, which production technique would you employ? I'm guessing that you'd hire one high-skilled worker and pay him \$40 rather than hire three low-skilled workers for \$15 each. Your labor costs would be \$40 rather than \$45.

Suppose the high-skilled worker came into your office and demanded \$55 a day....

## Breaking on TOWNHALL

Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET
Friday, December 13 | 12:15 AM ET