InequalityPhilosophy Of ScienceAccounting DefinitionIncomeMarginal ProductivityEconomics and Business
Published
Author Blair Fix
I revisit the productivity-income quagmire.
I revisit the productivity-income quagmire.
Wages correlate with firms’ sales per worker. Does this mean that productivity explains wages? The answer is no.
The idea that income is proportional to productivity is a thought virus that needs to die.