Tag: total compensation costs

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One of the most appealing beliefs about technology–that it will always create more jobs than it destroys–is no longer true. It was true in the first and second industrial revolutions, for one simple reason: the new industrial revolution created vast…

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Two recent articles shed light on the ‘crapification’ of jobs and the rise of income inequality: Martin Wolf on the Low Labor Participation as the Result of the Crapification of Jobs (Naked Capitalism) The Measured Worker: The technology that illuminates worker…

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