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Some folks think material wage increases should be available under the following model (A):
So, which of the two models noted above do you think most apropos to today's labor market?
Model A:
[*=1]Contract to sell labor to a buyer whereby the general nature of labor sold is relatively constant. (take a job)
[*=1]The seller expects the buyer to annually and voluntarily increase the price the s/he pays to the seller. (receive raises)
Model B:
[*=1]Contract to sell labor to a buyer. (take a job)
[*=1]Develop new labor skills that one, in turn, sells to the buyer at a higher price. (Get promoted and be paid more because the job requires more)
So, which of the two models noted above do you think most apropos to today's labor market?
- Note:
- I'm not asking for your thoughts regarding other models.
- You either think one of them more apropos than the other, or you don't.