Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But my point is that the same worker is more productive with better tools.

So, if the business is undercapitalised it can blame the worker and pay it less or blame itself and improve its capital and pay both itself and the worker more...

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Wed Dec 14th, 2011 at 08:54:32 AM EST
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