Paying far above the local market wage (e.g., a hundred times the going rate) would not solve the discomfort but would create a giant rent-seeking contest, as workers compete to capture the artificially high wage.
causalpending
Speaker
Russ RobertsEvidence Quote
“there'd be a giant rent-seeking content problem”
Created: 6/17/2026, 10:09:19 AM
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