“that the abundance of resources relative to the wages of…” — Cato Audio at 41:16
“that the abundance of resources relative to the wages of average global worker rose by about 250%. A different way to put it is, for example, pork. In terms of time prices, it fell by 85%, which means that our notional average global worker was 550% better off in 2018 than in 1980. We can look at the same data from a…”
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