Tuesday , November 5 2024
Home / John Quiggin / Ultra low wage growth isn’t accidental. It is the intended outcome of government policies (updated)

Ultra low wage growth isn’t accidental. It is the intended outcome of government policies (updated)

Summary:
That’s the headline for my latest piece in The Conversation, my contribution to a three-part series mini-symposium on Wages, Unemployment and Underemployment presented by The Conversation and the Academy of the Social Sciences in Australia. Key quote For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been highly successful. Update: Paul Krugman has a recent piece in the New York Times, also making the point that technological progress isn’t responsible for the falling wage share. Like this:Like Loading...

Topics:
John Quiggin considers the following as important:

This could be interesting, too:

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.

Peter Radford writes AJR, Nobel, and prompt engineering

Lars Pålsson Syll writes Central bank independence — a convenient illusion

Eric Kramer writes What if Trump wins?

That’s the headline for my latest piece in The Conversation, my contribution to a three-part series mini-symposium on Wages, Unemployment and Underemployment presented by The Conversation and the Academy of the Social Sciences in Australia.

Key quote

For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been highly successful.

Update: Paul Krugman has a recent piece in the New York Times, also making the point that technological progress isn’t responsible for the falling wage share.

John Quiggin
He is an Australian economist, a Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a former member of the Board of the Climate Change Authority of the Australian Government.

Leave a Reply

Your email address will not be published. Required fields are marked *