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Please just read the article. Would you like to cut to a much more direct measure? What is the price of labor? By this is your society's wealth or poverty me
by eli_gottlieb 2y ago
Please just read the article. Would you like to cut to a much more direct measure? What is the price of labor? By this is your society's wealth or poverty measured.
>Or as Adam Smith would later put it, in what Milanovic stresses was a Copernican shift in perspective: “The high price of labor is to be considered not merely as the proof of the general opulence of society which can afford to pay well all those whom it employs; it is to be regarded as what constitutes the very essence of public opulence, or as the very thing in which public opulence properly consists.”