3 ms·
all 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
by sharemywin 4y ago
all 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.