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This is what the Death of Cheap Labour Means / News of the Money-World #48

NZ Everyday Investor

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The End of Labor Costs and the Importance of Lower Wages

I wasn't that long ago. Maybe one to two years ago or maybe a little more than that actually, where the conversation was with technology coming in thick and fast. And I think those days are over to be blunt. We're moving to a world where actually we'll go from very strong population growth to an extent global population will start to decline. At the same time as it's going to be an aging population and an aging worker growth. This whole age of very, very low labor costs, which is driven into economy might actually be coming to an end.

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