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House Passes 40 Hour Work Week
Re: House Passes 40 Hour Work Week
by The Comrade » Thu Jan 08, 2015 9:19 pm
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Re: House Passes 40 Hour Work Week
by Southern Dad » Thu Jan 08, 2015 9:21 pm
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Re: House Passes 40 Hour Work Week
by The Comrade » Thu Jan 08, 2015 9:29 pm
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Re: House Passes 40 Hour Work Week
by The Comrade » Thu Jan 08, 2015 9:30 pm
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Re: House Passes 40 Hour Work Week
by Spider » Thu Jan 08, 2015 9:44 pm
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Re: House Passes 40 Hour Work Week
by gla22 » Thu Jan 08, 2015 9:47 pm
We live in a world where the Quantity of labor is growing much faster than the Quantity of capital. As the global labor market becomes more efficient and more competitive wages will decline and Labors share of income from production will decline drastically.
In a perfectly competitive labor market people earn only enough to work. 2 meals a day and a corrugated aluminum shack. The only way to achieve a better standard of living would be to own substantial amounts of capital.
http://en.wikipedia.org/wiki/Solow%E2%80%93Swan_model
Completely free markets and unregulated markets are a complete disaster for humanity. They put people and societies through a meat-grinder. Regulation is 100% necessary to protect the environment and to protect people.
In a perfectly competitive labor market people earn only enough to work. 2 meals a day and a corrugated aluminum shack. The only way to achieve a better standard of living would be to own substantial amounts of capital.
http://en.wikipedia.org/wiki/Solow%E2%80%93Swan_model
Completely free markets and unregulated markets are a complete disaster for humanity. They put people and societies through a meat-grinder. Regulation is 100% necessary to protect the environment and to protect people.
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Re: House Passes 40 Hour Work Week
by Winchester » Fri Jan 09, 2015 12:14 am
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Re: House Passes 40 Hour Work Week
by Southern Dad » Fri Jan 09, 2015 3:37 am
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