Money and Banking

Should We Slow Down Fast Money?

weekl;y economic news roundup and big banks competition
Comments (1)
  1. Rick Shapiro says:

    Friction is nowhere more important than in labor markets. What has kept wages from declining to bare subsistence over the past century has been friction in labor markets, together with labor market convulsions caused by progression of technological changes in goods.
    Now, however, computer-aided uberization of labor is putting an end to that. Forget objections to “capitalism” ; even in a universe of isolated independent producers, the interest of isolated independent consumers (not merely capitalists) will drive wages toward subsistence levels.

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