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Max Tolkoff's avatar

This is a very interesting article. I think I need more context on the idea that there's downward wage pressure based on the description in the article. If you add 19% more jobs at below median wage then you can lower the statistical median without incumbents having been affected. I guess it depends on whether they're just adding low quality work that wouldn't have existed before as mentioned in the article or whether this new low wage work replaces the high wage work over the long run.

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Michael's avatar

This is a great guest post! I know some of the initial guest posts got a rocky reception because they were lower quality hot takes, but I would love to see more of this kind of analytic post.

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