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Strategies & Market Trends : ahhaha's ahs
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To: frankw1900 who wrote (3206)10/20/2001 1:54:37 AM
From: frankw1900Read Replies (1) of 24758
 
Memory played tricks on me. The BC teachers are going for 30%+! They're not going to get it, but it's indicative..

I'm having trouble with the distinction between average and marginal worker as mentiond in your posts 3191 and 3195. You write in 3195,

The greater that a given area or
industry has wealth, the greater will be the ability for a monopoly group to accede to the
class of the marginal worker.

So, according to this description, the employer with the greatest ability to accede to marginal workers would be government insofar as it can always raise more money to pay its workers?

'Marginal' as in 'last, to be hired'? Or as in 'least skilled'? Or as in 'most highly paid'? All are more costly than 'average'. I think it's 'least skilled'. Is this what you mean in post 3191: The marginal worker always costs more than the average one, and so the average one will sue for a wage higher than the price of the output from the marginal worker?

I'd like to be sure I'm on the right track here.
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