We analyze the effects of automation on the wages of high-skilled and low- skilled workers and thereby on the evolution … wages of low-skilled workers, and iii) an increasing skill-premium. These developments are consistent with the experience in …

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 …