[lbo-talk] question for DanDav - or anyone else?

Doug Henwood dhenwood at panix.com
Fri May 13 17:03:51 PDT 2005


michael perelman wrote:


>*The story that they tell is that many low-wage workers merely lack
>the necessary skills for a modern economy. So that the
>productivity of these workers declines because their skills are
>obsolete. You can punch holes in this story pretty easily, but not
>in 10 second sound bites.*

But Nordhaus & Gordon & Triplett say that a quarter of the productivity acceleration came from retail, the ideal type of the low-wage sector - and that mainly came from Wal-Mart.

Doug



More information about the lbo-talk mailing list