[lbo-talk] Inequality: The silly tales economists like to tell

[Wojtek S]

Doug: "Dean was making some sort of general statement, when he was
actually characterizing two professions with a long-standing guild
structure."

[WS:] Granted.  But there is another question implicit in Baker's
piece that needs to be answered:

Why did not the professional occupations other than lawyers and
doctors that saw influx of foreign-born employees experience a
relative decline in wages as non-professional occupations did?

Historically, changes in socio-demographic composition of skilled
occupations (e.g. feminization) typically led to a decline in status
and wages in these occupations, but that did not seem to happen in
banking, IT, management etc. Why?

-- 
Wojtek

"An anarchist is a neoliberal without money."