I have been giving a lot of thought to where Wages are headed in this "New Economy" of global competition and such. My conclusion: wages for those generally considered "skilled labor" are going to fall, and wages for what has been historically considered "unskilled labor" are going to rise (certainly substantially relative to that skilled labor).
I call this my geographically-bound-wages-theory
Sunday, March 16, 2008
New Economy : Skilled Labor Wage Inversion Imminent
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