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I mean thats a pretty big stretch. You can certainly make the argument but I believe they call it casting a wide net.
by boringg 2y ago
I mean thats a pretty big stretch. You can certainly make the argument but I believe they call it casting a wide net.
- curiousllama 2y agoI mean I know a lot of people who explicitly decide between sectors early/mid career. Tech vs consulting/finance for MBAs, tech vs. HFT for SWEs, tech vs. advertising for creatives, etc etc
- trgn 2y agoIt's baumol's cost disaease no? rising wages in one sector, have a side-effect of bringing up wages in another.
- boringg 2y agoI agree that its possible but it seems to be the authors trying to cast a wide net via hypotheticals. Its easy to say its possible - but without any evidence its heresay, and within a paper like this its about trying to show the widest and broadest potential wage suppression possible. It seems sloppy to me to be honest.