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.

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