Between 1973 and 2014, technological advances have made workers more productive and sharply increased their pay. However, it has had little effect on overall employment rates.
Yes, the divergence is noticeable. Compensation has followed on a similar track since the 1970s, though it has slowed in recent years, largely due to the recession and slow recovery. But the real divergence is due to the rapid increase in productivity in the 2000s, which can be attributed in large part to the huge surge in digital technology.
Between 1973 and 2014, technological advances have made workers more productive and sharply increased their pay. However, it has had little effect on overall employment rates.
Interesting divergence in productivity and compensation since 2000.
Yes, the divergence is noticeable. Compensation has followed on a similar track since the 1970s, though it has slowed in recent years, largely due to the recession and slow recovery. But the real divergence is due to the rapid increase in productivity in the 2000s, which can be attributed in large part to the huge surge in digital technology.