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"Time for Things seeks an answer to the question of why, in mature industrial capitalist societies, increasing productivity has tended to get used to increase output and consumption as opposed to reducing the burden of work. Put simply, why do we live in a world so full of goods, many of which...
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After a decade in which wages and employment fell precipitously in low-skill occupations and expanded in high …-skill occupations, the shape of U.S. earnings and job growth sharply polarized in the 1990s. Employment shares and relative earnings … rose in both low and high-skill jobs, leading to a distinct U-shaped relationship between skill levels and employment and …
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