> This wasn’t a matter of productivity, either: workers were more productive every year, we just stopped being rewarded for it.
In particular, this point is being disputed.
Besides, I object to the use of the word "worker" here; some workers are surely more productive, but I can think of many classes of work that are fundamentally the same as they have been in the 70s; indeed, this kind of thing has been talked about under the heading of "cost disease" already: https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
Note that the article still points out inequality as a problem.
https://economicsfromthetopdown.com/2020/01/17/debunking-the...
> This wasn’t a matter of productivity, either: workers were more productive every year, we just stopped being rewarded for it.
In particular, this point is being disputed.
Besides, I object to the use of the word "worker" here; some workers are surely more productive, but I can think of many classes of work that are fundamentally the same as they have been in the 70s; indeed, this kind of thing has been talked about under the heading of "cost disease" already: https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
Note that the article still points out inequality as a problem.