![]() | Innovation and Inequality Karl Marx predicted a world in which technical innovation would increasingly devalue and impoverish workers, but other economists thought the opposite, that it would lead to increased wages and living standards--and the economists were right. Yet in the last three decades, the market economy has been jeopardized by a worrying phenomenon: a rise in wage inequality that has left a substantial portion of the workforce worse off despite the continuing productivity growth enjoyed by the economy. Innovation and Inequality examines why. Gilles Saint-Paul is professor of economics at the Toulouse School of Economics and at the University of London's Birkbeck College. His books include The Political Economy of Labour Market Institutions and Dual Labor Markets . |
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