"Job value is strongly pro-cyclical. New workers pay their employers|in the form of a wage
below their marginal products|more in good times, such as the middle of the decade of
the 2000s, and less during slumps, such as 2001 to 2003 and 2008 to 2011."job value
value of jobsters output minus cost of jobster input
a rough out of the locally extracted surplus
the local part of the exploitation rate ..right
nice and simply eh ???
and pro cyclical
