5 ms·
American wages have been stagnant. Meanwhile the rest of the world has been industrializing. I'm sure it's just a coincidence but the 1980s was the beginning o
by astrodust 8y ago
American wages have been stagnant. Meanwhile the rest of the world has been industrializing.
I'm sure it's just a coincidence but the 1980s was the beginning of the "off-shore everything" trend.
- logfromblammo 8y agoAnd yet social mobility has also been stagnant in the developing world for the last 30 years. So offshoring made a few people outside of W.Europe/US more rich in the 80's, but then the party was over for them, and it was back to the wealthy class sucking up all the excess production, everywhere.