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Has ‘Productivity Inequality’ Grown Faster than Wage Inequality?

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It is common to hear that workers’ productivity no longer determines their wages. “Workers are delivering more, and they’re getting a lot less,” former vice president Biden recently argued. Income inequality supposedly demonstrates that the economy’s rewards are flowing, undeservedly, to those at the top.

But does inequality necessarily mean that workers aren’t getting what they deserve based on their contributions to employers’ bottom lines? It may be that “productivity inequality” — the........

© National Review