Seems complicated. As two-tier wages become more common (consider Caterpillar now), that will lower average wages in production. Unless there is a way implemented to take some of the commodity labor off the market, falling average wages seems a possible and/or likely future. Of course there is a way, but implemented?
On Aug 11, 2012, at 6:36 PM, michael perelman wrote: > Presumably, low wage jobs in production are the first to go, > especially in light of outsourcing. That should raise average wages. > On the other hand, much of the job growth is in low wage service jobs, > which should lower average wages. I am guessing that the latter > should predominated, but I am not sure. > > Any suggestions? > > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
