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Re:The Fed Has Bought 70% of Net Treasury Issuance Since Oct... by wolfram74 on Tuesday January 28, 2020 @12:39PM (#22171744)
My intuition then is that bidding wars among the capital holders for labor should be more common, but wages are stagnant. Is the value of labor decreasing faster than the value of money for capital holders?
Re:The Fed Has Bought 70% of Net Treasury Issuance Since Oct... by jtolmar on Tuesday January 28, 2020 @12:53PM (#22171960)
The maximum they're willing to pay might have gone up, but they can find someone else instead of paying the maximum, because labor is provided by tons of different, individual people who don't coordinate a price. The rise of pro-union sentiment over the last year could be seen as recognition of that need for coordination.