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More On Wage Stagnation

Other ways in which real wage increases have been understated:

Ken grew up on a farm in Wisconsin and worked 7 days a week from a fairly early age: milking cows, etc. This was in all types of weather: cold, heat, rain, snow, etc. But now, he pointed out, so many jobs are so much more comfortable: workers in manufacturing plants who have air conditioning, etc. This, he noted, is an increase in real wages.

I think it would be fair to say that working at home constitutes a real wage increase for me.  It’s one that the Net has made possible, and while I’m working on apps that the Net made possible, too, it’s one that isn’t really costing the company nearly as much as I’m gaining from it.  Just don’t tell them that.

Posted in Business, Economics.