Re:A $1.5T Wall of Debt Is Looming for US Commercial Properties
by pg938hkd on Saturday April 08, 2023 @10:23PM
(#35499550)
No they can’t otherwise wages would have been up 30% in the last 5 years
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Re:A $1.5T Wall of Debt Is Looming for US Commercial Properties
by blagie on Sunday April 09, 2023 @08:19AM
(#35502037)
Wages, globally, are up at least that.
Right now, wages in the US are much higher than most other parts of the world, but the fundamentals behind that are quickly disappearing. If I can hire equivalent talent in the US for $100k, EU for $50K, and Asia for $10k, that's a market friction. It's slowly levelling out.
As that's happening, and cheap goods / services from outside the US are no longer cheap, our purchasing power goes down.