311 | Lars Doucet on Georgism: Land and Why Rent is too High & Wages too Low
The Realignment
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How Does Rent Affect Wages?
The productivity of land gets soaked into the rent. Landowners know that this area is more productive, so they can charge just right up to that limit. And as it gets more productive, we talk about all the things that increase productivity. This is why you can't technology and innovate your way out of this problem. It will just increase the land values of the area,. even more and more and more.
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