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Until 1970, wages and productivity rose together. Since 1970, productivity has more than doubled while wages have stagnated. Why do orthodox economists expect that higher
Until 1970, wages and productivity rose together. Since 1970, productivity has more than doubled while wages have stagnated.
Why do orthodox economists expect that higher productivity will lead to higher wages? How well was this expectation realized before 1970?
What might account for increasing productivity without increasing wages since 1970?
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