Higher Wages Accompany Advanced Technology
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Does Unmeasured Ability Explain the Higher Wages of New Technology Workers?
Author | : Horst Entorf |
Publisher | : |
Total Pages | : 27 |
Release | : 1996 |
Genre | : Technological innovations |
ISBN | : |
Technology, Computers, and Wages
Author | : Chris N. Sakellariou |
Publisher | : World Bank Publications |
Total Pages | : 32 |
Release | : 2003 |
Genre | : Computer users |
ISBN | : |
Learning by Doing
Author | : James Bessen |
Publisher | : Yale University Press |
Total Pages | : 310 |
Release | : 2015-01-01 |
Genre | : Business & Economics |
ISBN | : 0300195664 |
Technology is constantly changing our world, leading to more efficient production. In the past, technological advancements dramatically increased wages, but during the last three decades, the median wage has remained stagnant. Many of today's machines have taken over the work of humans, destroying old jobs while increasing profits for business owners and raising the possibility of ever-widening economic inequality. Author James Bessen argues that avoiding this fate will require unique policies to develop the knowledge and skills necessary to implement the rapidly evolving technologies. At present this technical knowledge is mostly unstandardized and difficult to acquire, learned through job experience rather than in classrooms. Nor do current labor markets generally provide strong incentives for learning on the job. Basing his analysis on intensive research into economic history as well as today's labor markets, the author explores why the benefits of technology take years, sometimes decades, to emerge. Although the right policies can hasten this process, policy has moved in the wrong direction in recent decades, protecting politically influential interests to the detriment of emerging technologies and broadly shared prosperity.
Advanced Technology and the Wage Structure
Author | : Kevin Hudson |
Publisher | : |
Total Pages | : 54 |
Release | : 1995 |
Genre | : Technological innovations |
ISBN | : |