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Couple the labour immobility with capital extreme mobility and you get the capitalist's wet dream: lower labour costs.
by xster 9y ago
Couple the labour immobility with capital extreme mobility and you get the capitalist's wet dream: lower labour costs.
- sokoloff 9y agoAre we seeing low labor costs in San Francisco area?
- xster 9y agoI was just talking about the macro level Washington Consensus capital/labour trade mobility. i.e. I'm comparing the lower labour cost of the west in general vs the west before the 70s. https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ If you want to deep dive into a present county per county labour cost specifically, then I'd argue yes as well http://projects.sfchronicle.com/2016/teacher-pay/ http://projects.sfchronicle.com/2016/teacher-pay/ Anaheim teachers make ~50% more than SF teachers and spend 4 times less proportion of their income on rent.
- deleted 9y ago[deleted]