Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
This is the main problem for a highly oligarchac modern economy... once India and China also need high-skilled workers...low wages in this segment will be over...

I think it will reconfigure social relations in the future completely... and I do not know exactly how things will turn out.. but when 30% of the job force have huge huge leverage (and soon salaries) and 30% have nil.. what would happen with the other 30%.. and with the elite?

Beats me.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Jan 26th, 2011 at 01:13:52 PM EST
[ Parent ]
once India and China also need high-skilled workers...low wages in this segment will be over...

In the long run we're all dead...

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Jan 27th, 2011 at 08:11:45 PM EST
[ Parent ]

Display:

Top Diaries

Occasional Series