Productivity and wages
Another article from Jared Bernstein Washington Post: There’s an interesting sort of argument going on between Stansbury/Summers (SS) and Mishel/Bivens (MB). My name has been invoked as well, so I’ll weigh in. It’s a “sort-of” argument because there’s less disagreement than first appears. It all revolves around this chart, which plots to the real compensation of mid-wage […]