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A comment on When McDonalds Came to Denmark. Parent comment

Re:When McDonalds Came to Denmark by ninju on Wednesday September 22, 2021 @09:44AM (#28616234)
Agreed, you are describing the ceiling (high end) of the wage scale.

The issue is the floor (i.e. the bottom) of the wages. Employers will try to keep wages lower even when productivity improves

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Re:When McDonalds Came to Denmark by BurningFrog on Wednesday September 22, 2021 @11:11AM (#28617222)
Yes. That assumption is baked into all standard economic models.

As is the fact that workers will try to keep wages as high as possible.

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