No one wants to work anymore? @mayor.nyc.gov offered $30/hour to shovel snow during last week’s blizzard, and people showed up.
Preferences didn’t change. The price of time did.
www.mondayeconomist.com/p/nyc-snow-s...
mondayeconomist.com
When Staying Home Costs $30 an Hour
No one wants to work anymore… until wages rise. NYC’s snowstorm shows how incentives and opportunity costs shape labor supply.
