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My good friend Gary Shilling draws some crucial distinctions with respect to wage and jobs and explains why our perplexing US labor market is actually quite rational.
Gary and I share a fundamental optimism regarding our prospects for long-term economic growth, and in this report, he tells us why.
This kind of in-depth dissection of macro trends is what Gary is known for. So without further ado, I'll let him take it from here.
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Wages vs. Jobs
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