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by jacques_chester
4841 days ago
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Well now we sail off into matters of comparative advantage, division of labour / gains from trade and so on. But the general point that labour and capital are highly heterogenous still stands. You can't pluck a boiler fitter out of the Pilbara, drop him at a desk in Perth, and expect to see anything useful for your web business any time soon. And vice versa. |
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I wasn't trying to claim that we can immediately shift these resources, but that this shift won't happen en masse until services has a bigger profile and more to offer than mining.