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Daron Acemoglu on Shared Prosperity and Good Jobs

EconTalk

The Ability of the Market Economy to Generate Shared Prosperity Is Not Guaranteed

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In the us, you know, we've had a growth for the last four decades, but average wages have been more or less stagnant. So so the ability of of the economy to sort of generate more jobs, and especially higher wages, is not guaranteed. One view is that perhaps we can create shared prosperity by redistributing. And that's not what i think is generally long term, sustainable.

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