...Alarmingly, this perception of technological advancement, and therefore economic progress, having ground to a halt is partially confirmed by the data. Notwithstanding the digital revolution, productivity growth as conventionally measured has been slowing for a long time now, at least in Western industrialised economies. “You can see computers everywhere," the economist Robert Solow famously remarked, “except in the productivity data."
Yet to many Americans, it doesn’t feel like progress. Labour participation remains substantially down on pre-crisis levels, and almost everyone beyond the highly skilled is struggling to achieve any appreciable increase in measured disposable income. Average real wages in the US have been flat or even falling for decades.
Far from empowering the lives of ordinary Americans, technology and globalisation seem only to have undermined them, degrading or even destroying many traditional blue collar and middle class sources of employment.
This, in turn, has fed disillusionment with established political elites.
Artigo muito interessante do Jeremy Warner