May 16, 2005
Compensating Wage Differentials
Sayeth Adam Smith:
"The whole of the advantages and disadvantages of the different employments of labour and stock must, in the same neighborhood, be either perfectly equal or continually tending toward equality."
So why am I thinking of compensating wage differentials and Adam Smith?
"[Milwaukee Metropolitan Sewer District] is now paying an average of $460 a day for one worker to scoop spent condoms from the surface of tanks at Jones Island [treatment plant]."
Yucky story here. And it does get worse, especially the part about what a fisherman saw in Lake Michigan.
Posted by E. Frank Stephenson at 09:43 AM in
Economics
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