Deutsche Bank’s Alan Ruskin observed that the rate at which productivity — the amount of goods and services produced per worker — is growing is beginning to slow down in the United States.
Salon
Yeah, we’re getting old.
In other words, stock prices could slump because an increase in the demand for labor will put upward pressure on wages. For the vast majority of Americans, this is fantastic news. For the 1 percent, not so much.
If the “vast majority” think that’s fantastic news, are they unaware of the stream of corporate jobs going overseas to cheaper labor?? Sounds like really bad news for American labor to me.
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