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The real pay of typical workers has grown much more slowly than productivity over recent decades in several developed economies. This column uses data from the US and Canada to examine whether productivity growth actually benefits typical workers by raising their pay. The authors find strong evidence of linkage between productivity and pay in the US but more mixed evidence for
The Atlantic In America’s largest, richest cities, home prices and rents are going in opposite directions. March 5, 2021 Joe Munroe / Hulton Archive / Getty / The Atlantic If you think the U.S. housing market is behaving very, very strangely these days, that probably means you’re paying attention. In almost any other year, a weak economy would cripple housing. But the flash-freeze recession of 2020 corresponded with a real-estate boom, led by high-end purchases in suburbs and small towns. Even stranger, in America’s big metros, home prices and rents are going in opposite directions. Hom...