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Focusing on the relationship between high wages and productivity, this book illustrates how high wage economies enhance firm efficiency and competitiveness in a global market. It challenges prevailing fears about labor supply diminishing due to rising wages and social benefits, arguing that such concerns stem from flawed economic reasoning. Through its analysis, it provides insights into the benefits of maintaining high wages for sustainable economic growth.
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Economic Growth and the High Wage Economy, Morris Altman
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- 2012
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