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There is healthy debate about the ‘great uncoupling’ in the US between 1970 and 2010. There is no debate however that historically productivity increases have b
by BenFranklin100 3y ago
There is healthy debate about the ‘great uncoupling’ in the US between 1970 and 2010. There is no debate however that historically productivity increases have been a necessary precondition for sustained wage growth.
Moreover, the present discussion is about whether WFH may or may not be affecting productivity, not my tangential side comment about the link between productivity and wages.
- mym1990 3y agoRemote work expanding the pool of worker supply will cause wages to go down. If there are 100 people competing for a position, there is much less upward wage pressure than if there are only 10 people. Conversely, there are now more jobs for remote workers to apply to, so they also have a larger supply of jobs to choose from, pushing wages up, theoretically. At the end of the day it’s probably closer to a wash than anything else.