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They probably mean relatively, since there is no 'real' value for labor. we can only see a comparison between the price of labor today and the price of the same
by cuteboy19 5y ago
They probably mean relatively, since there is no 'real' value for labor. we can only see a comparison between the price of labor today and the price of the same labor 20 years from now.
Due to inflation, today's labor would be far less valuable in $ terms.
- JumpCrisscross 5y ago> price of labor today and the price of the same labor 20 years from now Haircut today. Haircut in two decades. Which is more valuable to you now?