The irrelevance of worker need and employer greed in determining wages

posted by
February 27, 2012
Ludwig von Mises Institute
by George Reisman  
Posted in Commentary

"The Marxian doctrine of the alleged arbitrary power of employers over wages appears plausible because there are two obvious facts that it relies on, facts which do not actually support it, but which appear to support it. These facts can be described as 'worker need' and 'employer greed.'" (02/27/12)

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