Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ancient_geezer
The contracted wage of the employee does not go down, in Jorgenson's results.
There are no contracted wages in the Jorgenson/Wilcoxen model.
489 posted on 06/11/2005 10:21:02 AM PDT by Your Nightmare (::tick:: ::tick:: ::tick::)
[ Post Reply | Private Reply | To 483 | View Replies ]


To: Your Nightmare

There are no contracted wages in the Jorgenson/Wilcoxen model.

Total price of labor is all the taxes and costs of an employer including wage.

When marginal tax paid by the employer with respect to wages are repealed, the tax, and related factors of overhead costs go down and the total price of labor to the employer is reduced.

That however does not impact the wage the employee receives, especially in strongly expanding production, high capital investment, and resultant growing GDP environment found in Jorgenson's results.

But keep on trying YN, as more people learn of the economics of the NRST, the more they will recognise it's advantages to the nations economy, and their own futures.

496 posted on 06/11/2005 10:34:26 AM PDT by ancient_geezer (Don't reform it, Replace it!!)
[ Post Reply | Private Reply | To 489 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson