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Gross Wage Rates and Net Wage Rates
In deciding to hire a worker, the employer does not ask himself what the worker gets as take-home wages. The only relevant question for him is, What is the total price I have to expend to secure the services of this worker?
This audio Mises Daily is narrated by Jeff Riggenbach.
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In deciding to hire a worker, the employer does not ask himself what the worker gets as take-home wages. The only relevant question for him is, What is the total price I have to expend to secure the services of this worker?
This audio Mises Daily is narrated by Jeff Riggenbach.
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