Monday, January 14, 2013

David Ruccio — 3 decades of growing productivity and stagnant wages (2 graphs)

“Some people think it’s a law that when productivity goes up, everybody benefits,” says Erik Brynjolfsson, an economics professor at the Massachusetts Institute of Technology. “There is no economic law that says technological progress has to benefit everybody or even most people. It’s possible that productivity can go up and the economic pie gets bigger, but the majority of people don’t share in that gain.”
Real-World Economics Review Blog
3 decades of growing productivity and stagnant wages (2 graphs)
David Ruccio | Professor of Economics at the University of Notre Dame

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