Wednesday, May 02, 2007


Over at TPM Cafe, Jared Berstein has a great post basically putting the lie to the notion that productivity growth leads, by definition, to rising standards of living.

Growing productivity is only half the requirement: the other half is a workforce empowered to wring higher pay from management. No empowered workers leads to a situation where all, or most of, the benefit going to the top of the income scale.

Worth a read

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