Labor Supply and Demand
November 15th, 2009 by SocProf and tagged Economy, Labor
Via Paul Kedroski from Infectious Greed:
The situation seems especially bad for Detroit whereas DC and Baltimore hardly seem affected (could be the political world, government, think tanks and lobbying firms have hardly been affected and the disadvantaged areas are, well, still disadvantaged).
Overall not a context in which wages are likely to go up.
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