Don't Blame Technology For Shrinking Middle Class
By Dean Baker
July 9, 2012 - 3:13pm ET
Thomas Edsall devoted his
blog post
today to several economists who claim that the upward redistribution we
have seen over the last three decades is a result of revolutions in
technology and that it will be difficult to reverse this development. In
fact, much of this economic analysis is quite sloppy and it is easy to
show that many of the factors leading to upward redistribution had
nothing to do with technology.
For example, the post features a graph that shows for the first time a
sustained decline in the employment-to-population ratio (EPOP) even as
output has continued to rise. While the graph is accurate, it is wrong
to imply that this demonstrates any new impact of technology.
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