It's telling that your example of uncorrected problems is people being too well off.
And, once again: you seem to think that people in places like Bolivian tin mines have options, that they can just move, or be moved, to something else at the drop of a hat. Reality ain't like that.
> And, once again: you seem to think that people in places like Bolivian tin mines have options, that they can just move, or be moved, to something else at the drop of a hat. Reality ain't like that.
The existence of a bad situation does not imply that a given solution will make things better.
I note that hell-holes are usually associated with folks who are "doing things for the people".
And, in point of fact, they can "just move", unless someone is pointing a gun at them. That someone is almost always a govt.
Read what he wrote again. The uncorrected problem is italicized:
"If the resource allocation remain uncorrected(Examples include overpaying for labor which often happen when minimum wage are enforced), parts of the population may continues unemployed although they may be able or skilled enough to trade their labor on the market."
And, once again: you seem to think that people in places like Bolivian tin mines have options, that they can just move, or be moved, to something else at the drop of a hat. Reality ain't like that.