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Real Wage Rate vs GDP Per Capita
Posted: Fri Apr 05, 2024 6:48 am
by Stylesjl
I just looked at this odd thing in my cities, despite having a huge GDP per capita it has a very low wage rate compared to other cities:
First City:
- CityGDP.png (292.88 KiB) Viewed 716 times
- CityWages.png (269.91 KiB) Viewed 716 times
Second City:
- City2GDP.png (229.85 KiB) Viewed 716 times
- City2Wages.png (180.05 KiB) Viewed 716 times
This leads me to think: How do Real Wages work? Shouldn't higher GDP per capita lead to wage increases?
Re: Real Wage Rate vs GDP Per Capita
Posted: Sat Apr 06, 2024 1:33 pm
by dramantine
I'm not sure about the relation of wages with GDP, but from my experience to get high wages you need to reduce unemployment rate, and the only way to do that is to block immigrants, since theoretically they would still keep coming even after the city is out of space for buildings(jobs).
Re: Real Wage Rate vs GDP Per Capita
Posted: Sun Apr 07, 2024 5:04 am
by Stylesjl
You are right - when I block immigration the Real Wages climb up. Interestingly enough those wages stay up even after allowing immigration again, which is interesting.