is it all about jobbler household's nominally fixed debt obligations ???
even as product and commodity prices tumble all around them
the jobblers debt nut stays right where it was
how is familly farmings response to crop price falls different then
jobblers potential reaction to wage rate falls ???
the jobbler has no ability to self expand household job hours
basically a farmer can sell all she grows at the market price whatever it is
on the job market however
hours are de facto rationed
you can't sell all the job hours you can provide
even if you'd accept a wage rate right at the clark fantasy crossing
where wage rate equals marginal revenue product
