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Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine. Original Article: Why the "Just Wage" Theory Doesn't Make Much Sense [embedded content] Tags: Featured,newsletter
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Ryan McMaken considers the following as important: 6b) Mises.org, Featured, newsletter
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Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine. Original Article: Why the "Just Wage" Theory Doesn't Make Much Sense [embedded content] Tags: Featured,newsletter
Topics:
Ryan McMaken considers the following as important: 6b) Mises.org, Featured, newsletter
This could be interesting, too:
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Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine.
Original Article: Why the "Just Wage" Theory Doesn't Make Much Sense
Tags: Featured,newsletter