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All you need to pay is the lowest salary that one person currently in the labor market will accept. This is closely related to living expenses for obvious reaso
by inimino 10y ago
All you need to pay is the lowest salary that one person currently in the labor market will accept. This is closely related to living expenses for obvious reasons. No collusion required.
- devoply 10y agoYes that's how a market starts but if it continue that's no longer true, and also the cost of living goes up by how much money people are paid via the housing banking mechanism in which the banks capture that extra value that the companies pay out. The board is set up put money in the pockets of those who already have it. Not to make anyone wealthy. The real estate banking system is one such money sink, probably the greatest one.