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by YokoZar 102 days ago
What's the base rate? Even a very healthy economy doesn't have all sectors growing simultaneously, so I'd be very curious to know if this is a matter of going from "normally 20% is shrinking and now it's 80%" or if it's "normally 49% is shrinking and now it's 51%"
1 comments

Prices, and feelings about the economy are set at the margin. A 1% change in employment doesn't sound world ending on its own, but the relative power balance between labor and management pushes wages down across the economy.