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"Most of the world"? Lets not overstate things: the past few decades have been relatively great for labor in China, India, Africa, Indonesia, and Latin America.
by scarmig 14y ago
"Most of the world"? Lets not overstate things: the past few decades have been relatively great for labor in China, India, Africa, Indonesia, and Latin America.
In the highly developed economies (particularly the USA), yeah, wages have frozen, but really good things have been happening elsewhere.
- tokenizer 14y agoFair enough. I can't retract the original statement, but I meant OECD countries.