3 ms·
the labor market has always been a race to the bottom. I think the last 20-30 years has been an exception.
by sharemywin 4y ago
the labor market has always been a race to the bottom. I think the last 20-30 years has been an exception.
- sharemywin 4y agoall commodity markets are a race to the bottom. In the labor market if you have too specialized of skills you risk not finding employment but if you generalize it's a race to the bottom. There's been a massive amount of capital that's entered the market through the fed in the last 20 years which has driven up asset prices allowing for a lot of money to be spent on "building" web 2.0. also trading with china has allowed a lot of manufacturing to get done at really low cost. managing all that capital and moving of goods has created a bubble in automating paper pushing.