Except that "Basic economics" has a series of prerequisites that people like DannyBee are ignoring.
Free Markets are only efficient with perfect information, fluidity, and lots of jobs (Necessary but not sufficient). Labor markets are almost never as fluid or with enough supply to make them efficient in the way people seem to imply.
Misapplying economic theories has led to so much misinformed political thought in the past century I almost wish we stop talking about supply and demand in schools (joking, but only slightly).
Free Markets are only efficient with perfect information, fluidity, and lots of jobs (Necessary but not sufficient). Labor markets are almost never as fluid or with enough supply to make them efficient in the way people seem to imply.
Misapplying economic theories has led to so much misinformed political thought in the past century I almost wish we stop talking about supply and demand in schools (joking, but only slightly).