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.
Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.