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Old 09-04-2019, 10:41 PM   #6773 (permalink)
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Originally Posted by redpoint5 View Post
Women entering the workforce has a lot to do with stagnant wages. This goes back to economic theory... that when the supply of workers goes up, the value of labor goes down.
The number of "jobs" may be up but the quality and the pay is way down. The bottom 70% of Americans makes 8% less than they did in 2000 and owns only 3% of the wealth. Wages are still completely stagnant. Per capita GDP is up but so is inequity. There is more money out there but it is more and more concentrated at the very top world wide. The system is broken for labor. If it ever seemed to work at all ,only due to constant growth. But there are limits to growth on a finite planet and we are about to run into them.
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