Technology driving inequality in advanced economies – IMF
Technology plays “dominant role” in explaining falling labour share of income
Technological progress appears to be a major force driving inequality in advanced economies and to a lesser extent in emerging markets, according to analysis by the International Monetary Fund.
The share of national income going to workers, as opposed to holders of capital, has been on a downward trend in many countries, IMF economists say in a chapter of the forthcoming World Economic Outlook. For advanced economies, labour’s share of income has been trending downwards since the 1980s.
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