Dan Herbst
@danherbst.bsky.social
Econ Prof at University of Arizona. Interested in labor, public, & household finance. Also a fan of dogs & motorcycles. www.danjherbst.com
These distortions can lead to a shortage of fixed-wage jobs. For example, if hourly wages attract low-productivity workers, those with higher productivity might fail to find hourly work, even if they're willing to accept an hourly wage below the marginal value of their labor product.
4/n
4/n
December 11, 2024 at 3:37 PM
These distortions can lead to a shortage of fixed-wage jobs. For example, if hourly wages attract low-productivity workers, those with higher productivity might fail to find hourly work, even if they're willing to accept an hourly wage below the marginal value of their labor product.
4/n
4/n