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In an economy that has depressed wages over a long period and is export-oriented, there might be quite some room for wages to rise before reaching labour-market demand destruction.

Yep.

This is precisely what employers do not want to happen. Which is why they start whining as soon as the bidding war starts.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jan 26th, 2011 at 07:00:38 AM EST
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