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How much of this can be explained by exchange rates, i.e. the falling US dollar vs other major world currencies in the last 10-15 years? Those plots are all in
by rm999 13y ago
How much of this can be explained by exchange rates, i.e. the falling US dollar vs other major world currencies in the last 10-15 years? Those plots are all in US dollars, so I would expect if all else is equal that non-US salaries would go up just from that.
I'm not an expert on this stuff, is the falling exchange rate in any way a symptom of the underlying issue, a cause, both, neither? Everytime I try to reason through exchange rates and the world economy I get a headache.