No, argue Summers and Stansbury. Contrary to Manuel Muñiz, they find the data not to be strongly supportive of the pure technology hypothesis for the pay-productivity divergence. They suggest that other factors are suppressing wages even as productivity growth acts to increase them.
Productivity and Pay: is the link broken?
Authors:Anna Stansbury, Lawrence Summers
From: Harvard University
Productivity and Pay: is the link broken?
Authors:Anna Stansbury, Lawrence Summers
From: Harvard University
Is the decline of unions one of the other factors that contributed to the wage suppression? Barth and al. find that in Norway over the period 2001 to 2012 increased union density contributed to both higher firm productivity and higher wages.
Union Density, Productivity and Wages
Authors: Erling Barth, Alex Bryson, Harald Dale-Olsen
From: Institute for Social Research, Oslo – UCL
Union Density, Productivity and Wages
Authors: Erling Barth, Alex Bryson, Harald Dale-Olsen
From: Institute for Social Research, Oslo – UCL
