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It's not going to hell, it's a slow adjustment. This isn't rocket science, it's a simple system stabilized with negative feedback. Wages for low pay jobs will
by madengr 12y ago
It's not going to hell, it's a slow adjustment. This isn't rocket science, it's a simple system stabilized with negative feedback. Wages for low pay jobs will naturally rise when there is no one there to fill them, instead stimulus is being introduced to keep those people treading water. It's just the reverse effect of all the high paying jobs leaving; let all the low paying jobs leave.