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points by DanielHB 3 days ago | 0 comments
It was actually, but that was an aberration of the post-war period.
[–] coldtea 3 days ago
Why an "aberration" and not a good and normal thing to happen, we should continue to strive for?
[–] rewgs 2 days ago
A situation where there’s one seller (USA) in a world of buyers (Europe, Japan) is by definition an abberation.

It may have been good (for the US), but that definitely doesn’t make it normal, and unfortunately I don’t see how such a situation occurs again without similar circumstances. I’d love to be wrong, though.

[–] coldtea 2 days ago
While the US had a unique post-war economic advantage, this is not the cause of this.

The same things were enjoyed by workers in most of Western Europe and even Japan post-war.

[–] DanielHB 2 days ago
It is because labor was scarce compared to demand after the war, same thing happened after the black plague in Europe.

The current population decline crisis will likely shift the pendulum towards labor in 50 years or so.