4 ms·
Well, not everyone agrees with the conclusions made by the article. For example, here it is argued that the graph used by the article is suspect: https://econo
by IdiocyInAction 4y ago
Well, not everyone agrees with the conclusions made by the article. For example, here it is argued that the graph used by the article is suspect:
https://economicsfromthetopdown.com/2020/01/17/debunking-the-productivity-pay-gap/ https://economicsfromthetopdown.com/2020/01/17/debunking-the...
> This wasn’t a matter of productivity, either: workers were more productive every year, we just stopped being rewarded for it.
In particular, this point is being disputed.
Besides, I object to the use of the word "worker" here; some workers are surely more productive, but I can think of many classes of work that are fundamentally the same as they have been in the 70s; indeed, this kind of thing has been talked about under the heading of "cost disease" already: https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
Note that the article still points out inequality as a problem.