3 ms·
Healthcare, education, housing prices go somewhere though.
by alisonkisk 6y ago
Healthcare, education, housing prices go somewhere though.
- Red_Leaves_Flyy 6y agoJust about every thing limited by domestic labor has been inflating for decades.
- jcfrei 6y agoGlobalization is certainly a very important factor but technology also has to be mentioned. In lots of industries it has massively reduced the bargaining power of the working people. Mostly because increasing output is much less dependent on labour than in the past.
- Red_Leaves_Flyy 6y agoTechnology does not reduce labourers bargaining power. Legislating away workers protections, union busting, and allowing unchecked capitalism to depress wages while skimming the profits off the top and socializing the externalities reduces bargaining power.