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What’s the right wage?

Debunking Economics - the podcast

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How Do You Set Wages?

Steve Keene and Phil Dobby: How do you set wages? This week, we look at Gore-Tex. They say the waterproof clothing company had a division stop at 150 people. The Mondragon system in Spain was started by a Catholic priest to reduce unemployment. It's organized on a done-by-number approach; hierarchy is what determines income.

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