Michael Reid

37%
Flag icon
as technical advances increase labor productivity, employers can afford to pay more for each worker. In some cases, this is reflected directly in higher wages and benefits. In other cases, the prices of products and services fall, so the real wage of workers increases as they are able to buy more with each dollar.
The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
Rate this book
Clear rating
Open Preview