Re:The U.S. government’s failed 1890s attempt to forge unity...
by billytetrud on Saturday June 12, 2021 @03:47AM
(#27482504)
> those services have competition from other countries
That absolutely might have an effect on wages in the US. However, its unlikely that real GDP would be unaffected while real wages stagnate in such a case.
> I'm not sure how anyone could credibly make claims
Lots of things happen in the world all the time in every decade. The internet isn't any more novel than electricity was or the industrial revolution was. Yes there are a lot of confounding variables that make it difficult to make empiracle conclusions. But the largest market manipulators (central banks and governments) do play a substantial role in macroeconomics, and its completely fair IMO to conjecture around the effects of those things using logic and theory.
That absolutely might have an effect on wages in the US. However, its unlikely that real GDP would be unaffected while real wages stagnate in such a case.
> I'm not sure how anyone could credibly make claims
Lots of things happen in the world all the time in every decade. The internet isn't any more novel than electricity was or the industrial revolution was. Yes there are a lot of confounding variables that make it difficult to make empiracle conclusions. But the largest market manipulators (central banks and governments) do play a substantial role in macroeconomics, and its completely fair IMO to conjecture around the effects of those things using logic and theory.