>*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