This paper analyzes how the qualitative change in human labor occurs in mutual dependence with the advancement of the epistemic base of technology. Historically, a recurrent pattern can be identified: humans learned to successively transfer labor qualities to machines. The subsequent release of...

Gustav Herrmann (* 1836 Halle, † 1907 Aachen) war von 1870 bis 1906 Ordentlicher Professor für Mechanische Technologie und Fabrikanlagen an der Königlichen Rheinisch-Westfälischen Polytechnischen Schule (seit 1880 Königlichen Technischen Hochschule) zu Aachen, und von 1889 bis 1892 Rektor...

In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these assumptions, proposes a time-series calculation of the...