• Dimmer06 [he/him,comrade/them]
      ·
      2 years ago

      Wolff also points to that. In the span of a decade the world's labor market effectively increased by 1/3 with that third having one of the cheapest costs of living in the world. There's no way that can't have a depressive effect on wage growth.

    • pink_mist [she/her]
      ·
      2 years ago

      Could be, but the actual inflection point shown in the original graph (and still present in the gray text in the meme above) is 1973.