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Exactly, it's one of the coordination problems inherent in a free market economy. It can be ameliorated or patched through regulation, unionizing, or solved ind
by capisce 9y ago
Exactly, it's one of the coordination problems inherent in a free market economy. It can be ameliorated or patched through regulation, unionizing, or solved indirectly through industry shifts causing increased labor bargaining power in a given sector. Although the trend doesn't seem to be heading in the direction of increased demand for labor.