Harsh Dev Goyal

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However, as we saw with migration, labor markets tend to be sticky. People do not move even when labor market conditions would suggest they ought to, and as a result wages are not automatically equalized across the economy. There are in effect many economies inside the same country and it is possible to learn a lot by comparing them, as long as the changes in trade policy affecting these subeconomies are not all the same. One
Good Economics for Hard Times: Better Answers to Our Biggest Problems
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