3 ms·
> hiring someone at a wage which is higher than the value they produce is called charity In the vast majority of cases it's the other way around: workers are p
by yellowapple 6y ago
> hiring someone at a wage which is higher than the value they produce is called charity
In the vast majority of cases it's the other way around: workers are producing value and being paid a fraction of it. Some of this might be somewhat justified (someone's gotta pay for equipment and property), but some of it definitely ain't (e.g. managerial rent-seeking middle-men skimming that value).