I'm sympathetic to the underlying point, but I disagree with the claim. There's no a priori reason that the percent of returns that go to labor should remain constant. Tech changes. Competitors change, etc. Labor % could fall even in an entirely free market. (see Aristillus #3) https://t.co/f5IloUG9Hv
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He's correct in the specific point, actually. Employee compensation is up, but wages are being depressed by increased health insurance costs. If insurance was actually a free market situation, employers would simply hire people for wages and individual insurance costs would drop.
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the specific point was "X is proof that Y". I believe that X is true. I believe that Y is true. It is NOT the case that X is proof of Y. Y can have multiple causes. In this case, it may very well BE X ! ... but that does not make his statement true.
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