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The gainers from all this have been those with capital, both embodied and human in the advanced countries, and workers in China and Eastern Europe. Thus, the ratio of the wages of an American worker to a Chinese worker, and of a French to a Polish worker, have been narrowing sharply, as shown in Table 1.4.
The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
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