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Exploitation and Competitive Markets

The removal of exploitation of labor (or wage payments beneath the value to the society of each and every individual worker’s productive contribution) is automatic when business decision makers: (1) Should set wages via collective bargaining agreements by labor unions. (2) Conscientiously maximize their gains while operating in the purely competitive markets for all the outputs and all resources. (3) Utilize extensive screening methods if they interview probable employees. (4) Wholeheartedly comply with the affirmative action laws. (5) Hire the workers with strong letters of recommendation from respected present employees.

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