tag:blogger.com,1999:blog-6297413898275266606.post970627752523282519..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Productivity Growing; Wages, Not So Muchhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6297413898275266606.post-8178357001617120032011-10-21T14:34:41.181+08:002011-10-21T14:34:41.181+08:00tanstaafl,
Yes, it's the growing inequality p...tanstaafl,<br /><br />Yes, it's the growing inequality problem. And it's not stagnant - revised 1H 2011 <a href="http://www.businessweek.com/printer/magazine/what-the-revised-productivity-rate-will-mean-10202011.html" rel="nofollow">show negative productivity growth</a>, which probably means even lower real wages going forward.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-43718363901098898202011-10-21T13:34:58.828+08:002011-10-21T13:34:58.828+08:00Based on data from an EPI report “The Sad But True...Based on data from an EPI report “The Sad But True Story Of Wages In America” by economists Lawrence Mishel and Heidi Shierholz (http://epi.3cdn.net/3b7a1c34747d141327_4dm6bx8ni.pdf), the divergence started in 1989.<br /><br />If I remember correctly, this coincides with the start of the wider use of PCs & computers by businesses.<br /><br />Trend accelerated in the 90's - due to access tanstaaflnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-5807854918687919262011-10-21T11:39:24.418+08:002011-10-21T11:39:24.418+08:00tanstaafl,
I believe it goes back further than th...tanstaafl,<br /><br />I believe it goes back further than that for the US - sometime in the early 1980s in fact. China was obviously not a factor back then.<br /><br />For Malaysia, the data seems to indicate the discontinuity began after the Asian Financial Crisis, also before China really started hogging exports.<br /><br />Hmmm, maybe that last one is related - the shock to East Asia hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-29736408106996382002011-10-21T11:18:39.126+08:002011-10-21T11:18:39.126+08:00Just FYI, if I remember correctly, this is consist...Just FYI, if I remember correctly, this is consistent with some stats that I've seen for the US and the reasoning behind it was the China factor.tanstaaflnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-40335404906125821292011-10-20T21:36:37.355+08:002011-10-20T21:36:37.355+08:00I don't know about SG or KOR, but I believe yo...I don't know about SG or KOR, but I believe you're right. Reminder to self - check OECD data.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-33618307526220900392011-10-20T20:47:11.970+08:002011-10-20T20:47:11.970+08:00Maybe it's a global phenomenon. Do we know wha...Maybe it's a global phenomenon. Do we know what's the wage vs productivity growth in Singapore and South Korea?roger dodgerhttp://www.dodger.comnoreply@blogger.com