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He said nothing about productivity. Workers can become more valuable by virtue of worker shortages that lead to higher wages and thus lower productivity which l
by bwanab 11y ago
He said nothing about productivity. Workers can become more valuable by virtue of worker shortages that lead to higher wages and thus lower productivity which leads to higher prices for goods.
- AnimalMuppet 11y agoWorker shortages lead to higher wages. OK, I buy that. I also see that here's no raised productivity. But how is productivity lowered? Unless by "lowered" you mean "lowered compared to the hypothetical situation where we had more workers". But the way you said "worker shortages that lead to higher wages and thus lower productivity", you sound like you mean that the higher wages cause lower productivity, and I can't see how that cause-and-effect is supposed to work.
- xbmcuser 11y agoWorkers won't put in the same effort if they know that the employer has no replacement so the worker productivity will go down.