Re: costs of unproductive labor
Paul Cockshott (wpc@CS.STRATH.AC.UK)
Fri, 23 Jan 1998 10:39:01 -0000
Ian Hunt
> I agree that national accounts which cite unproductive wage costs as so
> many million dollars per annum cannot coherently be represented as an
> addition to capital stock. In fact if a part of the capital stock is a
fund
> for paying unproductive wages then there must be a corresponding flow of
> wages, in"million dollars per annum."
Where is this 'fund for paying unproductive wages' in the NI accounts?
What material form does this 'fund' have?
Has it any value?