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by wrkronmiller
2043 days ago
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> It's only through politics that we can make sure that the gains from trade are evenly split. The math of markets doesn't define it. That's clearly not the case since my employer could legally pay me $15/hour for my work, but pays significantly more. They do so, because they are competing with other employers for talent. |
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Yes, but the RESULT of the two-way competition where both employees and employers are competing is undefined in a simple model of the market.
If you work as a cleaner or an uber driver, you may find that even though you generate some surplus, you don't actually get any of it (or you get almost none of it)