{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5e3852cbdb67c0f94f393857/5e38537d94ec4b4a36d447b8?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Wages and Workers","description":"<p>Peter Van Doren joins us this week for a discussion on how wages are determined in a market economy.<br /><br />Is there a correlation between a worker’s productivity and the value they provide for society? Why has CEO pay increased so much lately? Should the government have a role in fixing unequal or unfair wages?<br /><br /><strong>Show Notes and Further Reading</strong><br /><br />Van Doren mentions <a href=\"https://piie.com/blogs/realtime-economic-issues-watch/growing-gap-between-real-wages-and-labor-productivity\">this blog post by Robert Lawrence on the gap between real wages and labor productivity</a>. See also <a href=\"http://www.csls.ca/reports/csls2008-8.pdf\">this link for the same discussion</a> (only with Canadian data) on the terms of trade between what workers make and what they consume.<br /><br />Here are papers by <a href=\"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2041679\">Kevin Murphy</a> and <a href=\"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2134208\">Steven Kaplan</a> on CEO pay.<br /><br />Van Doren also mentions <a href=\"https://www.amazon.com/Homevoter-Hypothesis-Influence-Government-Taxation/dp/0674015959\"><em>The Homevoter Hypothesis: How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies</em></a> by William Fischel.</p>","author_name":"Libertarianism.org"}