12 ms·
Productivity is not profit at all, it's the value produced so indeed ~revenue. Wages are therefore constrained so that a profit is left after the worker has be
by ElBarto 8y ago
Productivity is not profit at all, it's the value produced so indeed ~revenue.
Wages are therefore constrained so that a profit is left after the worker has been paid. Ignoring other costs, profit is equal value produced minus wage paid.