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Expense-side vs. revenue-side
The difference in perspective is tremendous. They are thinking about the survival of labor, hence, they are demanding wages for labor’s survival. I am thinking about the profitability for the country’s economy, hence, I am giving labor wages that it deserves for the country’s profitability.
The businessmen, the economists, and the government are treating labor as an expense. I am treating an enriched labor as revenue.
And yet, that’s not all. The Hyperwage Theory brings on hundreds of flow-on effects.
Again, that’s jumping the gun. Allow me to lay the predicate first.
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