Given the huge turn down inward crude oil prices over the past times year, I idea it mightiness last useful to seat the electrical current toll inward to a greater extent than or less historical perspective. Below is the toll of crude oil relative to wages. Roughly, the graph shows the let on of hours a production worker needs to function to brand plenty to purchase 1 barrel of unsmooth oil. What is nearly hitting to me how piddling long-term tendency at that topographic point is (despite swell volatility) too that the electrical current score is really much normal past times historical standards.
Click on graphic to enlarge.
Sumber https://gregmankiw.blogspot.com/
