Workers are inan exchangeexcellence. Yet talk about that there. They're exchanging their labor for money. There's a division of risk. So they are risking losing a job if the product fails, but they aren't risk risking lose their pay check. I rather, howe what happens to the project. Yes, they they're only risking the ongoing payment. And assuming that they have alternatives, which i think many workers do, there's their getting more from that exchange than if they didn't take the job. But you don't want to blame the person who's actually hired that person and paid them out of their profit, expected profit, for the level of the wage.
Economist and author David Henderson talks about his book (co-authored with Steve Globerman) The Essential UCLA School of Economics with EconTalk host Russ Roberts. Much of the conversation focuses on the work of Armen Alchian and Harold Demsetz, who both saw economics as a powerful tool for understanding human behavior and how the world works.