Why Do We Think That If There Is Sharp Upward Pressure on Wages, Workers Will Not be Able To Support Retirees?

Yet another which way is up problem in the NYT. A NYT article on a killing in China turned to the country's one-child country, concluding by telling readers:


"The policy has also begun to shrink the number of young workers in the labor force, putting sharp upward pressure on factory wages while raising concerns about how to accommodate and financially support the steady growth in the number of elderly dependents."


Sorry, but that one makes no sense. Suppose it said that:


"investment bankers a...

 •  0 comments  •  flag
Share on Twitter
Published on July 25, 2013 02:19
No comments have been added yet.


Dean Baker's Blog

Dean Baker
Dean Baker isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Dean Baker's blog with rss.