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Re: We are all Slave now.
Quote:
Originally Posted by sebastian_dangerfield
I agree this phenomenon is taking place. But I’m not sure it’s a counter to the broader wage stagnation we’re facing as labor arbitrage and automation work on la macro level. Which is I think where he is ultimately going.
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It's not a counter, it's an explanation of why an aggregate effect that seems pretty mild really hits some places hard.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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