WNBA Players: “Pay Us What You Owe Us”
Discussions of wages often miss the all-important economic concept of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception.
Discussions of wages often miss the all-important economic concept of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception.
In this week's Friday Philosophy, Dr. David Gordon takes on Alex Honneth's The Working Sovereign. While Dr. Gordon acknowledges that the author gives an "Honneth" effort, his logic and grasp of the world of work fall way short of being convincing.
In this week's Friday Philosophy, Dr. David Gordon takes on Alex Honneth's The Working Sovereign. While Dr. Gordon acknowledges that the author gives an "Honneth" effort, his logic and grasp of the world of work fall way short of being convincing.
At the recent WNBA All-Star game, players wore T-shirts with the message, “Pay us what you owe us.” If one uses the discounted marginal revenue product as a guide, the answer to their demand would be “zero.”
At the recent WNBA All-Star game, players wore T-shirts with the message, “Pay us what you owe us.” If one uses the discounted marginal revenue product as a guide, the answer to their demand would be “zero.”
By introducing legislation to raise the federal minimum wage to $15 an hour, Republican Sen. Josh Hawley is demonstrating that while Republicans like to talk about free markets, they are statists and interventionists like their Democratic colleagues across the aisle.
By introducing legislation to raise the federal minimum wage to $15 an hour, Republican Sen. Josh Hawley is demonstrating that while Republicans like to talk about free markets, they are statists and interventionists like their Democratic colleagues across the aisle.
Historically, slavery has always been held together by violence, including slavery in the US. However, the actual history of slavery here is much more complex than what modern academics want to admit.
Historically, slavery has always been held together by violence, including slavery in the US. However, the actual history of slavery here is much more complex than what modern academics want to admit.