The Traderszone Network

Published in TZ Latest News 12 August, 2017 by The TZ Newswire Staff

A Thought Experiment On Why Wages Are So Weak

By Steven Englander, head of research and strategy at Rafiki Capital Management

I propose a microeconomic rationale for why macro wage performance is so weak, despite tight labor markets. The idea is that we are getting paid less for our job-specific knowledge because technology is making it easier to replace us without major loss of productivity with less skilled workers. The implications for markets:

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