The best way to raise wages, therefore, is to raise marginal labor productivity.

所以，提高工资的最佳手段，是提高劳动力的。

youdao

To create jobs, therefore, policies to encourage flexibility and reduce marginal labor costs are needed.

因此，为了增加就业机会，需要采取鼓励灵活性和减少边际劳动成本的政策。

youdao

Labor, land, and capital each earn the value of their marginal contribution to the production process.

劳动、土地和资本各自赚到了他们对生产过程边际贡献的价值。

youdao

That increased productivity enables workers to earn higher wages, as wages in a competitive market equal the marginal productivity of labor (what the worker adds to production).

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However, a VAT would result in a smaller increase in marginal tax rates on labor than an income tax rate hike.

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In addition, the effective marginal tax rate on labor income would rise from about 28 percent now to about 36 percent in 2037.

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