/biz/ - Business & Finance

wage cucks will defend this

>>11659704
>>11659559

>woah at least iPhones are cheaper!

Wtf I love neoliberalism now

Guys what happened? Neo liberals and libertarians told me lower wages would be offset by cheaper goods.

https://www.usatoday.com/story/money/2018/10/30/jobs-62-percent-fall-short-middle-class-standard-us/1809629002/
http://archive.is/R0GIb

>Sixty-two percent of jobs fall short of that middle-class standard when factoring in both wages and the cost of living in the metro area where the job is located, according to the study by Third Way, a think tank that advocates center-left ideas.

>Some areas, such as Myrtle Beach, fall short because of a scarcity of good-paying jobs. Among the biggest cities, Los Angeles, New York City and San Francisco were ranked fairly low (172nd, 168th and 174th, respectively) despite thriving economies because of their high cost of living.

>A big reason for the dearth of middle-class jobs is the offshoring of millions of middle-income factory positions to countries with lower labor costs, such as China, in recent decades and the spread of lower-paying service jobs.