Tag Archives: Polarization of Middle Class

Who Benefits from Technological Change?

Given recent concern about technological change and how it is wrecking the middle class, I thought I’d share a simple illustration of what classical economic models* imply about the relationship between productivity growth and the returns to workers and capital owners. … Continue reading

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The Growth of Low Skill Service Jobs and the Polarization of the U.S. Labor Market

From David Autor and David Dorn: We offer an integrated explanation and empirical analysis of the polarization of U.S. employment and wages between 1980 and 2005, and the concurrent growth of low skill service occupations. We attribute polarization to the … Continue reading

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Skill-Biased Technological Change and Rising Wage Inequality: Some Problems and Puzzles

Dylan Matthews has a nice post on the inequality & skill biased technical change debate between David Autor, who is one of my favorite labor economists, and some folks at EPI. I wanted to highlight this paper by David Card … Continue reading

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The Future of Inequality according to Larry Summers

At a recent talk at Berkeley, Larry Summers asked us to engage in the following thought experiment. Suppose that a new technology called “the Doer” will be created tomorrow. Doers can do anything flawlessly. They can build a house, give … Continue reading

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