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It is assumed that the wages you earn are a proxy for your productivity. This may sound dubious on the individual level but on the aggregate level it is not, an
by chrisjharris 4y ago
It is assumed that the wages you earn are a proxy for your productivity. This may sound dubious on the individual level but on the aggregate level it is not, an economy can only distribute in wages and other returns what it has earned from production.
- klyrs 4y agoSo, counter to OC, this wouldn't decrease productivity, would it.
- chrisjharris 4y agoNot if it works as planned, no.