Finally somone who gets it. It’s like economic 101 in school: Money is fundamentally worthless. It can only buy as much as the economy is able to produce
IMO this is an education system failure. You get things like that when you have different skill set in society VS what economy demands. If economy moves towards high tech and you have only unskilled labor at your disposal wages go down. (that plus immigration factor)
If I’m correct, highly specialized workers should get an opposite trend.
Finally somone who gets it. It’s like economic 101 in school: Money is fundamentally worthless. It can only buy as much as the economy is able to produce
IMO this is an education system failure. You get things like that when you have different skill set in society VS what economy demands. If economy moves towards high tech and you have only unskilled labor at your disposal wages go down. (that plus immigration factor)
If I’m correct, highly specialized workers should get an opposite trend.