Is Job Automation Keeping Down Wages?
In a strong labor market, you’d expect workers to be able to negotiate higher wages. But that’s not really happening today. San Francisco Fed economists looked into the story behind the sharp drop in the share of U.S. national income going to workers as compared to 20 years ago.
Why haven’t workers’ wages kept up with productivity? Job automation could be partly to blame. Our video explains.
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The views expressed here do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or of the Board of Governors of the Federal Reserve System.