Re: [Pen-l] query: real wages and labor productivity

[Jim Devine <jdevine03@xxxxxxxxx>]

thank you very much!

On Sun, Jun 7, 2009 at 3:52 AM, E. Ahmet Tonak<atonak@xxxxxxxxxxxx> wrote:
> Though the folowing two articles by Mohun only cover the situation up to
> 2001, but relevant to the question, I think.
>
> eat
>
>
> "Distributive Shares in the U.S. Economy, 1964-2001", Cambridge Journal of
> Economics 30.3: 347-70, 2006.
>
>
> Specifying the labour theory of value in a way that distinguishes both
> productive from unproductive labour, and production workers from supervisory
> workers, this paper considers distributive shares in the U.S. economy
> between 1964 and 2001. Trends in productive and unproductive labour are
> explored in full-time equivalents, hours and money. After 1979, there was a
> large shift of money value (not matched by a shift in either hours or
> employment) from the wages paid to productive labour to those paid to
> supervisory labour. Since the wage share in money value added of
> nonsupervisory labour in unproductive sectors was approximately constant,
> the 1980s and 1990s also saw the profits share squeezed by the rising wage
> share of supervisory workers. Some implications of this are explored in the
> construction of a class rather than a factor approach to distributive
> shares.
>
> JEL Classification: C82, E24, O51
> Keywords: productive labour, unproductive labour, profit share, US economy
>
> "On Measuring the Wealth of Nations: the US Economy, 1964-2001", Cambridge
> Journal of Economics 29.5: 799-815, 2005.
>
>
> This paper examines the methodology of Shaikh and Tonak (Measuring the
> Wealth of Nations, 1994) underlying their calculation of estimates of
> productive labour in the U.S. economy from 1964 to 2001. The focus is not on
> the results but on the methods that generate them. The paper finds that the
> compromises made by Shaikh and Tonak because of data unavailability are
> unreliable, and that better approximations are possible. On this latter
> basis the Shaikh and Tonak methodology can be used to provide the labour and
> wage estimates needed for empirical investigations in the surplus-based
> tradition.
>
> JEL classification: B5, O51
> Keywords: productive labour, unproductive labour, US economy.
>
>
>
>
> On 6/4/09 8:37 PM, "Jim Devine" <jdevine03@xxxxxxxxx> wrote:
>
>> does anyone know of recent economic research on the relationship
>> between real wages and labor productivity in the United States done
>> during the last 15 years or so? (or about the "rate of surplus
>> value"?) References would be appreciated.
>>
>> thanks ahead of time,
>
>
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-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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