Michael Perelman wrote: > Not quite. I want to see the paper to go further, but he is assuming that 5% > goes to workers for their "pure" labor and another share goes to workers as > payment for their "human capital". Is "human capital" merely a more or less obscurantist term for "qualified labor power" as opposed to "simple labor power"? And if so, could the minimum wage be considered more or less the value of "raw labor"? Carrol
