Posts Tagged ‘wages and salaries’

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    Looking at Labor

    Sep 5, 11 • 124 Views • Behavioral Economics, Businesses, Economic Debates, Government, Households, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    What if a physical trait meant you will earn $230,000 less during a lifetime?   According to one study, a person who was in the bottom one-seventh for looks earned 10% to 15% less than people who were in the top one-third. In a NY Times column, a...

  • Adam Smith and a Physician’s Pay

    Jan 6, 10 • 120 Views • Thinking EconomicallyNo Comments

    Pondering healthcare reform again, I came across this comment from Adam Smith, 1776, WEALTH OF NATIONS: 22] We trust our health to the physician: our fortune and sometimes our life and reputation to the lawyer and attorney. Such confidence could not safely be...