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Well, given that there's been a redistribution from German workers to profits, their wages could rise slowly while profits dropped to something more normal.
by Colman (colman at eurotrib.com) on Thu Aug 29th, 2013 at 02:34:49 PM EST
[ Parent ]
I'm thinking growing nominal GDP should be a constraint in designing all these scenarios...

Finance is the brain [tumour] of the economy
by Migeru (migeru at eurotrib dot com) on Thu Aug 29th, 2013 at 03:00:08 PM EST
[ Parent ]
Wages in all OECD countries could rise relative to the cost of living were we able to reduce the portion of the cost of goods and services going to the financial sector. It is the financial sector and their beneficiaries who have taken what workers have lost - and this is no accident.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Aug 29th, 2013 at 09:10:30 PM EST
[ Parent ]
IOW, "Euthanize Wall Street!"

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Aug 29th, 2013 at 09:11:27 PM EST
[ Parent ]
We need a new Broadway musical:  Rent II: Wall Street Crushes the World.
by rifek on Tue Sep 17th, 2013 at 04:27:37 PM EST
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