Economists have to go to school for so long because it is a very difficult field.
It takes a lot of time and energy to figure out a reason why paying poor people more money is bad for them.
It takes a lot of time and energy to figure out a reason why paying poor people more money is bad for them.
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The problem is that ONE view of economics (the 'Chicago School', from the U of C) is massively dominant in US industry/policymaking and other voices are largely ignored.
Something more interesting however is, what happens if every company does it.
Maximize healthcare costs, housing costs, food, everything. What then my economic friend?