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

123hop at comcast.net 123hop at comcast.net
Wed Oct 31 09:53:51 PDT 2012


I don't know about banking, but IT wages are definitely stalling and have been since 2008.

Joanna

----- Original Message ----- 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." ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk



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