Re:Why American Workers Without Much Education Are Being Ham...
by eli_gottlieb on Wednesday April 22, 2015 @01:06PM
(#9421848)
>I would have liked to see more analysis on the ultimate reason for the lack of demand for workers.
The simple answer is: because state economic policy has been systematically configured to keep inflation low and asset values high. Any economist can tell you that low inflation and high asset values, as goals, conflict with full employment, and tend to suppress the price of labor. Somehow, it has become a Thing You Don't Say to actually admit this fact, because that would mean low wages are a social problem rather than an individual moral failure.
The simple answer is: because state economic policy has been systematically configured to keep inflation low and asset values high. Any economist can tell you that low inflation and high asset values, as goals, conflict with full employment, and tend to suppress the price of labor. Somehow, it has become a Thing You Don't Say to actually admit this fact, because that would mean low wages are a social problem rather than an individual moral failure.