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Perhaps some wages grew slower because they received tips? Generally wages are set at a market-clearing price. People were willing, for decades, to take positio
by listenallyall 5y ago
Perhaps some wages grew slower because they received tips? Generally wages are set at a market-clearing price. People were willing, for decades, to take positions as waiters, waitresses, bartenders, etc, because tips were a big portion of their take-home pay... and was also subject to reduced taxation.