「別在乎薪水」之我的看法

我先提 Joseph Stiglitz 的看法.

Shapiro-Stiglitz model

1. Unlike other forms of capital, humans can choose their level of effort.
   
2. It is costly for firms to determine how much effort workers are exerting.

If the demand for labor falls, this lowers wages. But because wages have fallen, the probability of 'shirking' (workers not exerting effort) has risen. If employment levels are to be maintained, through a sufficient lowering of wages, workers will be less productive than before through the shirking effect.

我的看法就是 Joseph Stiglitz 的看法。台灣勞工薪資低，剛好印證低競爭力的現象。