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This is actually contrary to Econ theory and empirical data. See https://news.ycombinator.com/item?id=33394486 https://news.ycombinator.com/item?id=33394486 Th
by ianai 4y ago
This is actually contrary to Econ theory and empirical data. See https://news.ycombinator.com/item?id=33394486 https://news.ycombinator.com/item?id=33394486
The trend is towards less immigration and thus lower demand for goods/services and lower supply of labor.
- cma 4y agoI think he is mainly talking about woman entering the workforce since 1970ish, which massively increased the labor pool.