A quarter century of productivity and wages by industry. These are - TopicsExpress



          

A quarter century of productivity and wages by industry. These are long term trends since 1987. What stands out are a couple of things: The end of protection, and eventually the Multilateral Multifiber Agreement led to massive restructuring and falling wages in textiles, fabrics and apparel which was mainly located in the Southeast. Wages fell by an average of 3% a year. Electronics and automotive sectors raised their productivity sharply, often with new, foreign firms in the lead.
Posted on: Fri, 28 Mar 2014 00:07:59 +0000

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