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Doesn't have to be G. Couldn't business treat labor as a capital good, increasing I? (ala Henry Ford paying his workers more to reduce turnover... with the si
by pjmorris 11y ago
Doesn't have to be G. Couldn't business treat labor as a capital good, increasing I? (ala Henry Ford paying his workers more to reduce turnover... with the side benefit of them becoming wealthy enough to buy the cars, increasing C.)
- skybrian 11y agoNo, because employees can leave at any time. There was a time when labor was treated as a capital good, and it ended with the Emancipation Proclamation.
- deleted 11y ago[deleted]