Economics @ ITT

The Productivity Dividend: Raising Pay While Working Less

Posted in economics, employment by ittecon on February 13, 2013

Given increases in productivity and stagnating wages in the US since 1973, it appears that a proper solution would be to decrease the work week, increase wages, and employ previously unemployed people. This seems to be a win-win-win proposition.

When economic gains are shared broadly, there is no reason prosperity cannot include significant reductions in work hours as well as material improvements.

via The Productivity Dividend for Dummies: Raising Pay While Working Less | CEPR Blog.

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