On Tuesday, 2 August 2016 at 08:07:38 UTC, Basile B. wrote:
What do you think about that ?
For competitive markets, I would direct you to this theory
https://en.wikipedia.org/wiki/Marginal_revenue_productivity_theory_of_wages
An architect has a high salary because the dollar value of his
productivity is very high (good architect -> new building, bad
architect -> maybe no building, maybe crappy building). Debt is
needed to build the building, but the debt itself doesn't explain
the productivity. Apple has historically had very little debt,
but they pay their workers a lot.
