Free Enterprise in Three Minutes Podcast with Ray Keating

Episode #31: What People Earn, Part I: Productivity

March 26, 2019 Ray Keating Season 1 Episode 31
Free Enterprise in Three Minutes Podcast with Ray Keating
Episode #31: What People Earn, Part I: Productivity
Chapters
Free Enterprise in Three Minutes Podcast with Ray Keating
Episode #31: What People Earn, Part I: Productivity
Mar 26, 2019 Season 1 Episode 31
Ray Keating

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.

Show Notes

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.