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The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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Fighting Over the Pie?

Many business people—particularly entrepreneurs, capitalists, and business owners—picture wages coming out of the pockets of landlords, capitalists, and entrepreneurs. It’s especially easy for entrepreneurs, managers, or business owners to conjure this image. They often feel that every dollar paid in wages is a dollar less going to profits. Similarly, workers often feel that the profits of the business are coming out of their wages. In every picket line, you will see a striking worker or protester holding a sign that says, “People before profits.”
The traditional battle—wages versus profits, employees versus employers—still goes on. But the terms of engagement, and even the scene of the battle, have shifted a bit. The ...

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