Free Enterprise In Three Minutes Podcast With Ray Keating
Episode #31: What People Earn, Part I: Productivity
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- Editor: Podcast
- Duración: 0:02:39
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Sinopsis
Ray Keating talks about what people earn. Politicians often ignore economics and wind up pandering for a higher minimum wage mandate or a government-imposed living wage. But in the competitive, private marketplace, the bottom line is that earnings, or incomes, are determined by productivity, that is, output per worker.