10-03-2016, 01:08 AM
(10-02-2016, 09:10 PM)treee Wrote: U.S. wages are never going to trend upward naturally in the free market again as long as we are competing against these countries with such low standards of living. It is just the grim reality of things.
This is very, very true. It's a global labor market now. Yes, the rich are getting richer off globalization, but they are just shaving off a slice for themself. The real wealth transfer is, as you said, those people with much lower standards of living.
And it only gets worse with automation and AI.
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