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Friday, November 2, 2018

US Payrolls Rise More Than Forecast as Wage Gains Hit 3.1% [feedly]

US Payrolls Rise More Than Forecast as Wage Gains Hit 3.1%

Despite many countervailing factors promoting aggravated inequality, full employment, or near it, WILL raise the price of labor power across the board, almost regardless of skill or classification. Proving labor power IS a commodity, if an impoverished one. Human capital by contrast, that backs up market labor power with advanced, non-linear productivity, creativity, and innovation -- is not such a "good commodity" ---  it does not expand just because there is a shortage --- gotta wait 20 years educational investments, among other things.