Rasputin_Vol
"Slava Ukraina"
- Joined
- Aug 14, 2007
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OK, let me try this angle. What if I threw out the possibility that we have had a misallocation of wages over the past 40 years? Or labor has been mispriced for the last 40 years. Meaning, that trades/crafts and people that actually are involved in making real product in the real world have been underpaid, while lawyers, govt bureaucrats, bankers and "administrators" have been overpaid?Common sense would be that the US labor market finally realizes their competition isn't literally next door or in another state.