Is Christmas Efficient? | Tyler Cowen | Marginal Revolution | 23rd December 2013
You can argue both ways, of course. For example: The seasonal surge is bad for workers already in jobs, who would doubtless prefer to smooth their supply of labour. But it’s good for would-be workers in long-term unemployment who get hired because stores need extra retail help — and whose prospects improve beyond that because they get used to having a job again, and have something on their resumé