4 ms·
Ok? It’s fine to think wage share of GDP should be high and I agree. But the fact is that there is a relationship between labor supply/labor demand/and wage and
by xadhominemx 4y ago
Ok? It’s fine to think wage share of GDP should be high and I agree. But the fact is that there is a relationship between labor supply/labor demand/and wage and I’m just pointing out that by the logic of “there is no labor shortage because wages could go higher” there is almost never a shortage of anything.