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Investment in technology increased rapidly in the United States during the past two decades, leading some to herald the birth of a "new economy." This new economy, marked by rapid productivity growth, rising incomes, low unemployment, and moderate inflation, creates a "rising tide that lifts all...
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The trend toward increasing U.S. wage inequality during the 1980s is well documented. I investigate the role of employment shifts from goods-producing to service-producing industries in contributing to increased inequality during the period 1979-1995. Earlier analyses revealed that average...
Persistent link: https://www.econbiz.de/10005352384
Speech to the Center for the Study of Democracy 2006-2007 Economics of Governance Lecture, University of California, Irvine, November 6, 2006>
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a speech before the Greater Omaha Chamber of Commerce, Omaha, Nebraska
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explain why real wages have not kept up with aggregate measures of real income. …
Persistent link: https://www.econbiz.de/10008456392
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10005762377
traced to the stagnation of wages at the low end of the earnings distribution. …
Persistent link: https://www.econbiz.de/10004993857
A study of rising wage inequality based on data from a private salary survey conducted over the last three decades.
Persistent link: https://www.econbiz.de/10005729066