Quote:
Originally Posted by nmap
But what does this imply? I think we see a tendency to make labor more expensive from the employer's perspective.
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Gonna get worse.
Given time, unemployment isn't going to be the problem, inflation will be.
Plenty of work to support retired boomers.
Insufficient Xers to do the work.
The undersupply of labor will cause a wage/price spiral.
Social security and pension benefits will be anchored to some arbitrary index which doesn't reflect true inflation.
Only fix would be massive immigration.
That presents other problems.
These are the natural consequences of outsourcing breeding.
You reap what you sow.