6. Some economists believe that imposing international labor standards would cost jobs. In support of this argument, one economist said, “Either you believe labor demand curves are downward sloping, or you don’t.” Of course, not to believe that demand curves are negatively sloped would be tantamount to declaring yourself an economic illiterate. What else about the nature of labor demand curves might help a policy maker design policies that could counteract the negative effects of labor standards employment?

(Radical)