Friday, May 09, 2008

Boudreaux's Theory of Employment

Underpaid workers will not be fired.

His point was that an employer would not part with someone who creates more value than (s)he costs, so if you are offended by layoffs, then you must love lower wages (or vice versa). Pick a side and stick with it, please.

I can attest--I've neither been overpaid nor fired since washing dishes in a buffet restaurant back in the 80s.

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