An agreement does not insure a fair deal. There's a thing called negotiating power that you need to consider.
It's got nothing to do with how much each agent values the product produced by the worker. The value depends on how value the product is to society.
Economics 101 is propaganda. I've taken it. In fact I have a BA in economics.
There are no proven economic behaviors. This is exactly the problem I have with people who have only taken economics 101. You know nothing about economics.
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