NP - The Myth of a Jobless Recovery
alice wellintown
alicewellintown at gmail.com
Fri Jan 11 21:52:19 CST 2013
>
> there's some thinking, isn't there, that the higher wages actually
> cause the higher productivity...rather than the other way around...
Depends on what is being produced. If it's shirts and toys, yes. If
it's innovative technologies and engineering or applied education, no.
In fact, productivity declines when wage incentives are introduced in
the higher end. Imagine that! Seems odd, but it is true.
Sure, give a piece worker another penny to produce more and she will,
but not a softwear maker.
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