Aspen is a place for leaders to lift their sights above the possessions which possess them. To confront their own nature as human beings, to regain control over their own humanity by becoming more self-aware, more self-correcting, and hence more self-fulfilling.
Walter P. Paepcke, Aspen Institute Co-Founder
Aspen Institute
Expanding Economic Opportunity for More Americans, and Longform
Creating Economic Opportunity for More Americans Through Productivity Growth
February 4, 2019
Author
Chad Syverson
, Eli B. and Harriet B. Williams Professor of Economics, University of Chicago Booth School of Business
The U.S. economy in recent years has been characterized by slow average productivity growth and increasing productivity dispersion within industries. These trends have coincided with analogous changes in wages—slow average wage growth and greater wage inequality between workers. In this essay, I discuss research into the potential causes of these patterns and outline several policy changes that would yield expected productivity and wage benefits under general conditions.
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