On Feb 3, 2011, at 10:48 AM, Alan Rudy wrote:
> I thought the general argument for increases in productivity were rooted in
> studies that show Americans working longer and harder for effectively no
> more in wages and salaries - not in much of anything to do with the
> development of new, more sophisticated skill sets.
According to orthodox pundits like Gordon, in the late 1990s, the productivity acceleration was mostly about an increase in high-tech investment. Since 2000, it's mostly been about squeezing the hell out of workers.
Doug