Stationary Waves: Zero Marginal Product of Labor?
“If we can produce the same output with 10 percent less labor, then produce 10 percent more output. But we can’t sell 10 percent more output? OK. But that doesn’t mean the workers have zero marginal productivity. It means, of the face of it, there is an demand problem.”
First: The notion of zero marginal product of labor is ludicrous. Anyone who’s actually held a real job knows that the marginal product is often negative.
marginal product equals zero marginal product is maximum and equal
Should introductory economics courses address markets in which supply is unlimited and the marginal cost of production is effectively zero?
I'm currently reading "The Zero Marginal Cost Society" by Jeremy Rifkin. I wonder, is it possible that governing as we know it might one day b...
Why do we use marginal cost?
What are examples of a "better" technology being blocked by industry even though the marginal cost of adding the new technology was next to ze...
Is it possible to have zero marginal costs? How? Which industry would have a zero marginal cost? Will it be a stable industry?
Dear Hillary, what is your standpoint vis-à-vis the Zero Marginal Cost Society and the deep societal and economical shifts it implies?
How do you price an information product when the marginal cost to produce another unit is zero?
Economics: Just how prevalent are zero marginal product workers?
How is it rational to sell goods at marginal cost?
AmosWEB is Economics : Encyclonomic WEB*pedia
But we can’t sell 10 percent more output? OK. But that doesn’t mean the workers have zero marginal productivity. It means, of the face of it, there is an demand problem. Demand needs to be 10 percent higher.
The notion the we figure out how to produce a given level of output of some type with less labor, and that means that the workers that we don’t need to produce that given amount of labor have zero marginal productivity is absurdly wrong.