2 ms·
My local supermarket has low prices, and yet sometimes I get things at Costco. Prices are relative. US wages are low relative to historical US wages and wages i
by slurry 13y ago
My local supermarket has low prices, and yet sometimes I get things at Costco. Prices are relative. US wages are low relative to historical US wages and wages in comparable countries, yet they are high relative to China et al. There is no contradiction. Otherwise, no country's wages could ever be considered low as long as they were higher than the Central African Republic's.
In addition, many jobs cannot be outsourced.