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Shadow wage rate is much more mysterious and sexy than Wage Rate.

Some would even say more dangerous.

Market wage rate is what they pay people who work in the market.

One day all the market workers will have their paychecks do situps and become the sexy shadow wage rate.

One can only hope.

Not sure if my answers are spot on but I'm betting an economist would admit that I am in the same ballpark.

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13y ago

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