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MSNBC The Last Word With Lawrence ODonnell November 30, 2019 03:56:00

don t have any salary caps at all. no, of course not. because winning is everything. and it s the same thing among ceos. what matters is the rank. and this incentive issue is what you re finding throughout your research. that incentives in in classical economic theory don t work the way we might think they do. for example, the argument about welfare, disincentivizing people. they won t try to work if you give them welfare. what did you find about that? similarly, the poor also don t stop working if there are no incentives for them to work. that s also an illusion. for example, when welfare become more generous, people don t stop working. it s been demonstrates in countries after countries. poor countries, middle-income countries. the poor are not discouraged from working. in fact, we ve known that since the late 60s and 70s in the u.s. where there were the

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