Labour share of income (Part 1 – Theories and measurement) Phuah Eng Chye (26 May 2018) At the macroeconomic level, the impact of landscape change on labour can be gauged by changes in the labour share of income or the share of national income paid in wages. Noah Smith notes “for decades, macroeconomic models assumed … “Labour share of income (Part 1 – Theories and measurement)”
Tag: IMF
Technology and work: The productivity puzzle
Technology and work: The productivity puzzle Phuah Eng Chye (12 May 2018) “When we talk with the optimists, we are convinced that the recent breakthroughs in AI and machine learning are real and significant. We also would argue that they form the core of a new, economically important potential General Purpose Technologies (GPT). When we … “Technology and work: The productivity puzzle”