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Daily Archives: April 12, 2023
Higher Labor Costs Drive… Productivity Gains! Which Create Wealth. Inflation Can Do Good. IF You Let the Free Market Do Its Work.
We live better now because Agriculture went from ~95% of the workforce in the 1800’s to about 2% today. How did that happen (mostly)? Labor got expensive. The industrial revolution gave people higher-paid, more attractive options to back-breaking stoop labor. … Continue reading
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