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Because productivity grows unevenly, workers reallocate between sectors, and low-skill wages stagnate, write Rachel Ngai and Orhun Sevinc.

The real wage of non-college workers in the U.S. has grown by about 20 per cent since the 1980s, which is less than half of the growth in aggregate labour productivity. This is rather puzzling because low-skill workers tend to work in […]