Tag Archives: Marginal Value

So, I was going through some old blogs and looking for some quick insightful nuggets and came across this little gem from TJIC:

http://pajamasmedia.com/ronradosh/2011/0…

Krugman gets to his main point: that in the national debate, his side is that of morality, justice, and reason â?? while his opponents on the conservative side are immoral, uncaring, and actually want the poor to die or disappear.

Speaking for myself, I don’t want the poor to die.

I want them to work harder, to bring themselves up into the middle class (recall: the main thing that seperates the poor from everyone else is that poor people work about 15-20 hours per week, middle class people work 40-45 hours, and upper class people work 60+ hours), or – if they prefer – I want them to keep working very little, and enjoying the trade off of potential cash for increased free time – as long as they do it with out dollars stolen from others.

So I did a little looking.  By God he’s right:

Amazingly, the more you work, the more you make.  However, there is a flip side; the more you work, the more you work.

However, as I considered the numbers, it occurred to me, “Of COURSE you earn more when you work more–you’re working more hours!  Duh!”

But check this out:

It turns out that the more you work, the higher your hourly wage.  [Though I do admit that the two low values look abnormal.]