LogFAQs > #906198673

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Topic	The US economy continues to boom as unemployment falls to 3.9%
TheMikh 08/03/18 11:01:36 AM #50:	Balrog0 posted... TheMikh posted... the real beast is a saturated market for underskilled labor because education for skilled labor is both unnaturally inflated in price due to decades of indirect federal subsidization and because education for skilled labor doesn't actually prepare most for skilled labor imo its mostly attributable to a level of risk aversion that employers have with respect to labor costs which is itself probably attributable to market consolidation it's more profitable to keep wages low and prop up your stock prices through buybacks and whatever else than it is to actually compete or improve your business i'm not even surprised barriers to competition are imo the big culprit here, otherwise buybacks really would not be a particularly sustainable strategy --- https://imgur.com/A0TAfek <cite>TheMikh posted [p:906198673] in The US eco... [t:76867106]...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>TheMikh posted...</cite> <quote>the real beast is a saturated market for underskilled labor because education for skilled labor is both unnaturally inflated in price due to decades of indirect federal subsidization and because education for skilled labor doesn't actually prepare most for skilled labor</quote> imo its mostly attributable to a level of risk aversion that employers have with respect to labor costs which is itself probably attributable to market consolidation it's more profitable to keep wages low and prop up your stock prices through buybacks and whatever else than it is to actually compete or improve your business</quote> i'm not even surprised barriers to competition are imo the big culprit here, otherwise buybacks really would not be a particularly sustainable strategy --- https://imgur.com/A0TAfek</quote> ... Copied to Clipboard!
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