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by User23
951 days ago
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Ah, Ricardo. Did you know he was a stockbroker who made his fortune scamming clients and bought himself a peerage with the loot? Not relevant but a fun biographical detail. Anyhow his theory rests on assumptions that are nonsensical in today’s economy.[1] Instead we have “labor arbitrage” which is to say workers being displaced. [1] https://lawecommons.luc.edu/cgi/viewcontent.cgi?article=1674... |
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