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Luckily, you are just one person. Here, we're speaking about an entire market. And yes, 2x and 3x market wages would absolutely cause major shifts in labor.
by finance-geek 11y ago
Luckily, you are just one person. Here, we're speaking about an entire market. And yes, 2x and 3x market wages would absolutely cause major shifts in labor. Even < 2x market wages would accomplish this. It already happens the other way, 1.5x and 2x market wage multiples drive flow of skilled engineers from California to Wall Street.