4 ms·
Better metric: purchasing power of 1 hour of work.
by marcodiego 5y ago
Better metric: purchasing power of 1 hour of work.
- kingsuper20 5y agovs. a pair of shoes, an acre of farmland, food. I think that Peter Turchin has done long term analysis on this sort of thing. A related article. https://peterturchin.com/cliodynamica/more-on-labor-supply-why-real-wages-stopped-growing-v/ https://peterturchin.com/cliodynamica/more-on-labor-supply-w...
- deleted 5y ago[deleted]