The labor market has advantages as a distribution mechanism compared to capital markets because in a non-slavery society, everyone owns exactly one worker (themselves) and starts at relatively even footing. Since 60% of US income is labor income, work-based distribution creates much more shared resources than capital-based distribution. Work also provides identity, structure, and meaning.
normativepending
Speaker
David AutorEvidence Quote
“the labor market has so much going for it...everybody owns no more than one worker right? They just own themselves...60% of the income in the United States is labor income...work...gives people identity gives them structure gives them meaning [37:45]”
Created: 8/11/2026, 6:32:32 AM
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