TECHNOLOGICAL CHANGE AND LABOR'S RELATIVE SHARE: THE MECHANIZATION OF U.S. COTTON PRODUCTION

Marshall A. Martin and Joseph Havlicek

No 283622, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: In the pre-war period labor's share in the U.S. manufacturing and agricultural sectors was relatively constant. Keynes called this "a bit of a miracle". Several studies (Kravis, and Ferguson and Moroney) have shown that labor's share in the U.S. manufacturing sector has increased in the post-war period. The opposite appears to have been the case for U.S. agriculture. Two recent studies (Ruttan and Stout, and Lianos) indicate that labor's relative share in the U.S. agricultural sector has declined in the post-war period.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283622

DOI: 10.22004/ag.econ.283622

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