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The decoupling of wages from productivity, … The decoupling of wages from productivity, sometimes known as the great decoupling, is the gap between the growth rate of median wages and the growth rate of GDP. Economists began to acknowledge this problem toward the end of the twentieth century and the beginning of the twenty-first century. This problem furthermore leads to wage stagnation despite continued economic growth. A number of causes have been hypothesized, including advances in technology, globalization, self-employment and wage inequality. Some commentators argue that some or all of the Great Decoupling can be explained as the product of faulty assumptions about the underlying economics.ssumptions about the underlying economics.
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| rdfs:comment |
The decoupling of wages from productivity, … The decoupling of wages from productivity, sometimes known as the great decoupling, is the gap between the growth rate of median wages and the growth rate of GDP. Economists began to acknowledge this problem toward the end of the twentieth century and the beginning of the twenty-first century. This problem furthermore leads to wage stagnation despite continued economic growth.gnation despite continued economic growth.
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Decoupling of wages from productivity
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