/lit/ - Literature

>>2068661
>This increases demand for labor parallel to the increased supply, causing no change in the average wage level. In fact, because of specialization and increased economies of scale, things would most likely be cheaper in real terms. Causing the real purchasing power of workers to go up.
Then why hasn't that happened?

Japan and New Zealand, incidentally, are not completely self-contained economies. If you live in either of those nations, chances are you're not part of the proletariat capitalism exploits.