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Capital Vs. Labor What Economist Get Wrong
Although real wage growth may be low, the fact that nominal wages are increasing indicates a shift in the political dynamic where labor may have some leverage against capital. This challenges the notion that capital holds all the power and labor has none, as evidenced by nominal wage growth. The use of statistics in this context is not seen as manipulation, as similar trends are observed widely.
Watch more of this short video from Will De-Dollarization Implode The Global Economy? | Michael Every.
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