3 ms·
You forget there is a division of labour. There is no lump of skilled labour. You can have tons of skilled labour, yet still have shortages in lots of different
by UK-AL 10y ago
You forget there is a division of labour. There is no lump of skilled labour. You can have tons of skilled labour, yet still have shortages in lots of different areas.
Combine that with a higher overall demand.
Overall it is productivity that drives wages.
- RobertoG 10y ago"Overall it is productivity that drives wages." I have serious doubts about that. how does it work?