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Globalization commingles the economies of different countries. You can no longer talk about the US's labor force and the Chinese labor force as different things
by Gibbon1 3y ago
Globalization commingles the economies of different countries. You can no longer talk about the US's labor force and the Chinese labor force as different things. Also rentier capitalism raised labor costs via rents.
Bonus: Services are not fundamentally productive like manufacturing.