Economic growth dissertation

Additionally, Figure F shows higher median wages in states with strong labor unions: Michigan, Ohio, Pennsylvania, Wisconsin, California, and New Jersey, for example. Historically, there has been a strong correlation between union density—the percent of a state’s workforce represented by a union—and state median wages. 3 Today there are no states with the levels of union density that the high-wage states had in the late 1970s. Not surprisingly, the share of corporate revenue that is paid in wages rather than distributed in profits has declined significantly (Jacobson and Occhino 2012). Unions now represent a much smaller share of the workforce than they did in the decades immediately following World War II and so are not the force that they were for creating middle-class jobs for large numbers of workers with a high school education or less.

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[1] Daniel J. Mitchell, "Academic Evidence: A Growing Consensus Against Big Government," supplement to Daniel J. Mitchell, "The Impact of Government Spending on Economic Growth," Heritage Foundation Backgrounder No. 1831, at /research/budget/bg1831_ . The supplement is available only on the Web.

[2] John Maynard Keynes, The General Theory of Employment, Interest and Money (1936), in The General Theory , Vol. 7 of Col­lected Writings of John Maynard Keynes , ed. Donald Moggridge (London: Macmillan for the Royal Economic Society, 1973), at /het/essays/keynes/ (February 2, 2005).

Economic growth dissertation

economic growth dissertation

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