Re: Edited and Updated
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It's one restaurant. They are the one's begging, apparently, so presumably they could sell their product at a higher price to offset the increased wages it appears they need to pay to fill the positions they have available.
Surely a classic supply and demand senario.
And yet they don't do this. Why?
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1) equilibrium is never instantaneously reached.
2) maybe they can't sell their product at a higher price. Maybe the market rejects a higher price, or maybe there are price caps in place.
I don't really understand what you're trying to argue here. Companies are fighting for labor in a tight market. They are raising their asking price for such labor. What's the problem here? Is everyone that has a "help wanted" sign in their window for more than 15 minutes a total moron? Why don't they just offer $200/hr!?
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