|
|
|
|
|
by joeyrideout
2327 days ago
|
|
This article left the same exact taste in my mouth (eyes?) The author has roughly described the concepts of wage inflation and supply-and-demand (for workers, in one industry, and for consumer goods), and reduced almost everything to "risk premium". Risk is everywhere in the economy, yes. The word "premium" implies additional cost over and above a base cost, which encompasses many more factors. Edit: To be fair, I'm glad that the author and some readers are excited about learning new concepts. I have many similar blog posts written, though admittedly they stay in my drafts folder if I feel they aren't contributing significant insight :) |
|