Next Shift with Gabriel Winant
The Dig
00:00
Is It Possible to Substitute Capital for Labor in a Nursing Home?
In post industrial societies, policy makers must choose two of three desirable outcomes. This choice emerges from the low productivity and non tradable characteristics of service work. To achieve low unemployment, wages must be driven down for the private sector to create jobs. The public sector can absorb the service economy in asing wages, but inflating public deficits.
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