I think the idea is that when you're allowed to hire and fire with impunity, your decisions are more responsive to wages.
On the "workers have always earned their marginal productivity," this is mostly just an appeal to common sense. I'd probably word it more carefully if I were writing it today.
I think the idea is that when you're allowed to hire and fire with impunity, your decisions are more responsive to wages.
On the "workers have always earned their marginal productivity," this is mostly just an appeal to common sense. I'd probably word it more carefully if I were writing it today.
I think the idea is that when you're allowed to hire and fire with impunity, your decisions are more responsive to wages.
On the "workers have always earned their marginal productivity," this is mostly just an appeal to common sense. I'd probably word it more carefully if I were writing it today.
Thank you.