>> Please spare us the "workers of the world unite" crap.
> Should be please spare us the labor theory of value crap.
Empirically, measures of labor productivity such as education,
experience, job tenure (and others) explain about 40-50%
of wage variation between otherwise identical workers. This
is just as labor theory predicts.
The reason so many economists accept the marginal productivity
theory of wages as true is because it's backed up with
substantial empirical support.
If this is "crap," then by all means, let's have more of it.
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