points by rewgs 2 days ago | 0 comments
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
[–] 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.
The same things were enjoyed by workers in most of Western Europe and even Japan post-war.