The consensus in labor economics is that rising labor-market inequality over the last 30 years is led mainly by technology (information technology, robotics, new organizational forms increasing demand for skilled/abstract labor) combined with a slower increase in the supply of skills, with trade playing a role intermediated by technology (offshoring/outsourcing) and institutional factors like union decline and the minimum wage still contested.

causalpending

Speaker

Daron Acemoglu

Evidence Quote

technological developments in particular things such as information technology robotics new organizational forms that have increased the demand for more abstract skills more skilled workers

Source

Daron Acemoglu on Inequality and the Financial Crisis 02/21/2011EconTalk
Created: 6/16/2026, 2:36:28 PM

My Notes

Loading notes...