Date: 2017-09-22 12:22 pm (UTC)
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From: [personal profile] danieldwilliam
It may be the case that the market effect on wages is lagging as a result of a memory of difficult times in the recent past (a habit has formed of not asking for payrises and not moving jobs) and a perception that technology and off-shoring are currently a danger to employment (which they can't be too much of if labour markets are tight everywhere).

In which case, I'd expect increased wages once the a tight labour market becomes the new normal and increased collectivism once the fear of imminent dismissal is reduced by abundent jobs on better pay.

Or foreign robots will eat our brains.

Probably one or the other.

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