4 ms·
If your argument were true, we'd see increased unemployment. But employment is near effective maximum, and has been for most of the post-1980 period where wages
by beat 8y ago
If your argument were true, we'd see increased unemployment. But employment is near effective maximum, and has been for most of the post-1980 period where wages have stagnated relative to productivity.
Try again, this time taking observed facts into account.
- jhoechtl 8y agoEmployment is a rather weak term. The fact that you are working 10 hours a week makes you employed but doesn't say a word about the quality of the job (uber driver?) or if you can support / nourish a family
- beat 8y agoI'm not talking about the quality of the job. I'm talking about the idea that sending jobs overseas + illegal immigration explains the current situation. It does not.
- ManFromUranus 8y agoNo, not necessarily. We would see wage depression as supply of applicants depresses wages because the demand remains relatively constant. Which might explain why wages stagnated but productivity simultaneously went up.