Re:South Korea: The only middle power of its kind
by jeffreyrogers on Tuesday August 03, 2021 @02:12PM
(#28052255)
Where is that assumption? I'm not seeing it in the claim.
[ Parent
| on HN ]
Re:South Korea: The only middle power of its kind
by delecti on Tuesday August 03, 2021 @02:44PM
(#28052643)
Taking stagnant wages to imply that the labor is worth less is taking for granted that reduced prices means reduced value. It's probably more accurate (though still oversimplifying) to view it as a cartel suppressing wages.