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Couple the labour immobility with capital extreme mobility and you get the capitalist's wet dream: lower labour costs.


Are we seeing low labor costs in San Francisco area?


I was just talking about the macro level Washington Consensus capital/labour trade mobility.

i.e. I'm comparing the lower labour cost of the west in general vs the west before the 70s. https://www.epi.org/productivity-pay-gap/

If you want to deep dive into a present county per county labour cost specifically, then I'd argue yes as well http://projects.sfchronicle.com/2016/teacher-pay/

Anaheim teachers make ~50% more than SF teachers and spend 4 times less proportion of their income on rent.




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