It seems like all the countries you named have gvt enforced worker’s rights, and strong gvt support for the unemployed (as well as strong non-gvt collective bargaining). That seems like a big factor to me in determining the wage equilibria, and isn’t a standard part of the libertarian model, right? So my question is, what are the principles underlying what determines these equilibria.
It seems like all the countries you named have gvt enforced worker’s rights, and strong gvt support for the unemployed (as well as strong non-gvt collective bargaining). That seems like a big factor to me in determining the wage equilibria, and isn’t a standard part of the libertarian model, right? So my question is, what are the principles underlying what determines these equilibria.