J. Barkley Rosser, Jr. wrote:
> Right now the percent of the working age population in
> the US that is employed is quite high in historical terms.
> A big increase in women's employment (and labor force
> participation) has swamped a smaller decline in men's
> employment and labor force participation (the latter concentrated
> in highly paid industrial employment) over the last several
> decades. Of course a lot of these new jobs have been low
> paying and the distribution of wages and incomes has become
> much more unequal in the US. Also a lot of these jobs involve
> longer working hours.
> Barkley Rosser
>
And how does the above plays in relation to productivity growth? It seems that women work, low paying jobs and longer working hours have incresed productivity, right? I read an article on a local magazine where it is said that US productivity has been increasing at 2% a year over the last decade. Is this number right?
Juan
> -----Original Message-----
> From: Doug Henwood <dhenwood at panix.com>
> To: lbo-talk at lists.panix.com <lbo-talk at lists.panix.com>
> Date: Thursday, June 17, 1999 4:38 PM
> Subject: Re: Unemployment 4.2%