Christina Romer quoteChristina Romer [1958-0]
American Economist 
Quote rank: 119
| If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines. |
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