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Originally Posted by iggy_oi
Does trickle down economic theory hurt the chances of it happening?
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It’s interesting to me. How did oil and gas end up with high wages relative to other industries?
At the end of the day the premise that market forces play no role in wages is not correct. It’s true that it’s a fallacy that trickle down economics work but it’s also true that market forces based on required skills drive wages and that the available supply of human capital would be a driver of wages.