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by amf12
2876 days ago
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> A higher supply of cheaper labour does contribute to the reduced pay but by far the biggest influence is the stagnation of wages over those 3 decades. This only applies to low skilled, replaceable jobs and certainly not the high skilled ones. Because eventually there is a demand for better employees (which naturally comes with experience and skills) which leads to higher wages and wage growth. Look at what's happening in SV. |
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