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What fractors other than eduaction contributes to an increased income from work?
Wiki User
∙ 14y ago
The most important factor is productivity: when workers become more productive they can produce more goods within a working period, and assuming workers are paid until w=vmp (i.e. their wage is equal to the value of the goods that they produce) then their income will rise. Increases in technology and work habits can lead to an increase in productivity.
Wiki User
∙ 14y ago
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