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5/23/2022 09:15:00 PM
You don't even need socialism to argue against an hourly wage as it's inefficient even from a purely economic output sense. Tying the employee compensation directly to the firm's economic output should incentivize workers to act to maximize their efficiency (though not necessarily total output). In a capital managed firms there is no intrinsic incentive for the worker so management needs to rig up incentives or find more desperate workers.