I’ve never met someone in HR who keeps track of the marginal product of labor. In the real world (like outside of an econ textbook) employee pay has little to do with actual productivity and […]
Short version (to be elaborated on in future post): UBI (and M4A and affordable housing) raises reservation wage –> shifts labor supply curve —> new (higher) equilibrium wage.
Read the chart. It should speak for itself. I bring data to the convo. No point arguing about subject without seeing the numbers. Here they are. The correlation is significant. R-squared value shown. […]
What if Adam Smith’s legacy had been completely hijacked by a visible hand of naked self-interest?
Median pay of the 10 fastest growing jobs between 2016 and 2026 is $27,000
It’s about leverage. You produce more money per hour than you get paid for—otherwise you wouldn’t be hired by a for-profit company. But the amount you get isn’t set in stone. Your worth depends on […]