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> Also, why are we assuming that technology brought down wages when offshoring has skyrocketed. What makes you think it wasn't competition from the third world
by bhupy 6y ago
> Also, why are we assuming that technology brought down wages when offshoring has skyrocketed. What makes you think it wasn't competition from the third world labor rather than robots?
Do we think that increasing minimum wage will hasten or slow down this trend?
- pydry 6y agoIf the United States government wanted to speed up or slow down this trend or even halt it altogether it could do so tomorrow no matter what the minimum wage did. Currently it views offshoring as a geopolitical threat and is opting to slowly repatriate supply chains. No matter what happens to the minimum wage that opinion is unlikely to change. I don't think it makes sense to treat an explicit political choice as a fait accompli.