Business Insider on the price of labor
My browser has "recommended reading pages" it offers me when I open a new blank tab.
Although I usually ignore these as most of them are blatant attempts to entice one to paywall-restricted contents, I found an article from Business Insider which is apropos to several of gjohnsit's essays as regards the price of labor.
The article is located at: http://www.businessinsider.com/supply-and-demand-model-of-labour-markets... . One taste and then please do go and read the whole thing:
So this ought to be a golden age for workers. Wages ought to be going up. Employees ought to be able to name their price. "I ain't gonna work on Maggie's farm no more" ought to be the national anthem.
And yet, in the US and the UK, wages are stagnant.
Go now and read the whole article!