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Wealth Distribution, Fixing Healthcare, and UBI
"Econ 102" with Noah Smith and Erik Torenberg
Increasing Productivity for Lower Inequality
Raising productivity for normal individuals can lead to lower inequality without requiring government intervention for redistribution. The misconception that increased productivity doesn't result in higher wages is inaccurate, as the real issue lies in the appropriation of productivity gains by companies. The correlation between productivity and wages can be seen in graphs where the divergence in productivity and wages over time can be attributed to various factors such as the evolution of measurement methods like considering benefits and inflation, ultimately impacting wage levels.
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