7 ms·
Is there any evidence of this in the data above (or elsewhere)? Labor productivity is a low degree-of-freedom datapoint and your explanation is indirect and ha
by fanzhang 5y ago
Is there any evidence of this in the data above (or elsewhere)? Labor productivity is a low degree-of-freedom datapoint and your explanation is indirect and has a lot of degrees of freedom.
- mikeg8 5y agoMy opinion was anecdotal. But I think it could be argued the entire field of economics has a lot of degrees of freedom - which is why they do not have firm conclusions as to the causes of productivity loss in the article. Edit: also see: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/
- webmaven 5y agoIt is possible that the drop in productivity growth, if it goes on long enough, will have the effect of closing the gap.