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American middle class wages haven’t been rising as rapidly as they once were, and a slowdown in productivity growth is probably an important cause. However, the cause is uncertain. Even Joo Hee Oh's 2012 estimate of the gains from free Internet services doesn’t seem to close the measured productivity gap.
American middle class wages haven’t been rising as rapidly as they once were, and a slowdown in productivity growth is probably an important cause. However, the cause is uncertain. Even Joo Hee Oh's 2012 estimate of the gains from free Internet services doesn’t seem to close the measured productivity gap.