Hi Chris,

Sent from my iPhone

> On Aug 7, 2017, at 08:42, Chris Hahn <[email protected]> wrote:
> 
> This makes sense to me, but my first glance at the chart made me think of an 
> entirely different explanation for the split between productivity and hourly 
> compensation… technology.  We have leveraged each worker with robotics and 
> other technological wonders.  This has decimated the historical “assembly 
> line” worker who made a great living, thanks to his or her labor union. 
> 

There's a book from MIT that develops this further. They argue from data that 
companies that restructure around IT continue to grow productivity, but 
everyone else lags - as happened during the first half of electrification. The 
hope is that once firms adapt, everyone will benefit. 

I suspect there's multiple factors in play. Including the fact that money is no 
longer a great proxy for quality of life...

E
>  

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