Comment

Comment by jrkatz

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.
parent jrkatz 4 years ago

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton