Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Typical U.S. full-time salary would be $102k if wages had kept up with growth. Parent comment
In your example, labor supply for the first country has effectively increased while demand has not. In effect, wages must fall in that country.
However, there is now increased demand on that cheaper labor, so those wages must rise, given a limited supply.
There are no comments on this comment yet.
In your example, labor supply for the first country has effectively increased while demand has not. In effect, wages must fall in that country.
However, there is now increased demand on that cheaper labor, so those wages must rise, given a limited supply.