« China's banking cleanup | Main | UK economy: signs of weakness »

Monday, February 06, 2006



The US is really leading the way and that appears in the productivity numbers. Some economists have argued that since the developing countries have more unskilled than skilled labor, unskilled renumeration would fall and skilled may rise. This does not take into account which positions are most exposed to globalization though. Some of the highest paid unskilled jobs, such as manufacturing, are wide open, but very few others are, but many more skilled jobs, those performed at a desk on a computer, are wide open. This results in more wage pressure at the high than at the low end.

The comments to this entry are closed.


  • TEST

  • Subscribe in NewsGator Online

Economist Weblogs


  • This is a personal web site, produced in my own time and solely reflecting my personal opinions. Statements on this site do not represent the views or policies of my employer, past or present, or any other organisation with which I may be affiliated. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.