Wages on Labor Day

This being labor day it may be a good time for some observations on wages.

People and their wages are subject to  supply and demand. Thus when there is overpopulation then somehow or the other wages will decline.  For example there has been contracting out or  importing of goods made in counties with cheaper labor,

The exception (so far)  is in fields where there is a strong union providing a monopoly service which includes most civic employees.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: