Abstract
What are the central factors that determine the variation of wages? How does the law of decreasing labor content (ldlc) affect the distribution of wages? How can one account for the stagnation of wage growth in parts of the Global North and its acceleration in regions of Eastern Asia? Despite all structural variations of labor markets, why have total wage incomes remained remarkably stable as a share of aggregate output? How is the distribution of wages bound up with the appropriation of labor content by different economic classes? These are some central questions that we address in this chapter, which we conclude with an assessment of some of our results using wage and income data from a range of various countries.
Original language | English |
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Title of host publication | New Economic Windows |
Publisher | Springer-Verlag Italia s.r.l. |
Pages | 75-88 |
Number of pages | 14 |
DOIs | |
State | Published - 2022 |
Publication series
Name | New Economic Windows |
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ISSN (Print) | 2039-411X |
ISSN (Electronic) | 2039-4128 |
Bibliographical note
Publisher Copyright:© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.