Former World Bank chief economist Kaushik Basu worries about wages.

3 Dec

http://www.smh.com.au/business/the-economy/former-world-bank-chief-economist-kaushik-basu-sounds-warning-20161202-gt2hfj.html

“What’s overlooked is that every time labour is outsourced

profits in the country goes up and the wage share goes down.”

One Response to “Former World Bank chief economist Kaushik Basu worries about wages.”

  1. stuartbramhall December 4, 2016 at 5:37 am #

    A pity he didn’t sound this warning sooner – like in 1985.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: