The reduction in work effort is 13% - double the effect of the great recession.<p><a href="http:&#x2F;&#x2F;public.econ.duke.edu&#x2F;~erw&#x2F;197&#x2F;forget-cea%20(2).pdf" rel="nofollow">http:&#x2F;&#x2F;public.econ.duke.edu&#x2F;~erw&#x2F;197&#x2F;forget-cea%20(2).pdf</a><p><i>It also gives greater bargaining power to the lowest paid so that it should help to prevent the reduction in wages that is becoming a feature of the low end of the employment market.</i><p>If supply of labor is significantly reduced then prices for labor will rise. Didn&#x27;t you just claim that won&#x27;t happen?