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How does increasing manufacturing efficiency lead to low hourly pay for the workers? That doesn't make sense. I'd expect fewer workers, but higher hourly pay.
by mortil 14y ago
How does increasing manufacturing efficiency lead to low hourly pay for the workers? That doesn't make sense. I'd expect fewer workers, but higher hourly pay.
- nitrogen 14y agoIncreased efficiency leads to lower demand for unskilled labor, which will deflate wages so long as supply is greater than demand.