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.
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.