Technical progress and real wage stagnation: theory and evidence from the U.S. steel industry

Donald Alexander and Jon Neill

Economics of Innovation and New Technology, 2004, vol. 13, issue 1, 61-75

Abstract: Over the past twenty years real wages have stagnated despite substantial technical progress. This runs contrary to the widespread belief that technological change increases real wages. This paper presents a theoretical model showing that technical progress could reduce wages. This hypothesis is then tested using data from the U.S. steel industry.

Keywords: Technical progress; Wages; Stagnation (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:13:y:2004:i:1:p:61-75

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DOI: 10.1080/1043859042000156039

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