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I've always wondered how much of the lack of wage growth can be explained by financial institutions investing in other countries. If the actual growth happens s
by merpnderp 8y ago
I've always wondered how much of the lack of wage growth can be explained by financial institutions investing in other countries. If the actual growth happens somewhere else, and some of the profits make it back to the US economy, also growing it, overall wages wouldn't really be affected, would they?
- rory096 8y agoThe US is the world's largest recipient of foreign direct investment and maintains a substantial capital account surplus. Capital inflows finance our current account deficits. https://www.cfr.org/blog/mapping-capital-flows-us-over-last-thirty-years https://www.cfr.org/blog/mapping-capital-flows-us-over-last-...