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>People are worth what most employees' employers are willing to pay. Companies must transact for labour at a rate that transfers wealth to them. On average, em
by ABCLAW 7y ago
>People are worth what most employees' employers are willing to pay.
Companies must transact for labour at a rate that transfers wealth to them. On average, employees must be able generate more value to a firm than their wages, otherwise employing people would be a net negative to a firm.
- fiter 7y agoYou say transfer like it's coming from the employee. Adam Smith would say the wealth is being created by the resources that the company brings along with the labor that the employee brings.
- ABCLAW 7y ago>You say transfer like it's coming from the employee. That's not what I said at all. The first sentence is a constraint on firm survival, not a statement about where wealth is derived.