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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (47770)12/20/2005 12:02:06 PM
From: gpowell  Read Replies (1) of 110194
 
You are of course neglecting to consider growth, i.e. the expansion of the depth and breadth of the goods and services offered for exchange, and surely those capitalist bastards who own the means of infinite production will still require and desire goods and services from “low” productivity areas, such that the wages in these industries will be extraordinarily high.

In fact, you may want to review the concept of Baumol’s Cost Disease, and Message 21966901
Message 21969072
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