Political Economy Forum cover image

#70 - There's no such thing as a free market - w/ Steven Vogel

Political Economy Forum

CHAPTER

What Do People Think Is Appropriate?

Social norms play a role in determining how much workers are paid, Y.E. Cupp says. Rules of appropriateness determine how possimean may not completely determine the wage differential between different employees ind a company for example. But it does influence what people think is ok to be a wage differential and that certainly has changed over time," she adds.

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