It took a surprisingly long time to find anything on real wage trends in Europe but it looks like, judging by the graphs on page 5 of this paper that Sweden, Norway, and in part the UK are exceptions to quite slow real-wage growth. Germany, France, Italy, Spain, and Denmark follow the wage stagnation of the US.
I very much agree though that my analysis is very focused on the US (and the discussion in general). This paper demonstrates that at least on a micro level there are demonstrated effects on wages and employment from automation in the UK. Says
I guess I’d conclude roughly that stagnation is happening in many (if not all) developed countries. I would wager that automation plays some role, though I would guess that role is relatively small in the grand scheme of things (for now).
Money in elections:
I think even if that theory were true though, I would argue that campaign techniques are improving (a la Cambridge Analytica, AgreggateIQ) such that in the near future money may be more persuasive. I don’t think we’ve really seen a campaign between two tech-savvy politicians willing to pay top dollar for voter manipulation (first one in 2020?) but if we did I would imagine campaign contributions to grow in importance. It would definitely be interesting to dive into this a bit more though.
Pace of Automation:
Yes… I agree this is a major blindspot. I haven’t looked at this literature much at all and don’t really feel qualified to make serious assessments on the quality of the many predictions. I agree there should be something there though. I will add a few sentences following the ILO’s literature review on the Future of Work to give people an idea of what is being talked about
Wage growth:
It took a surprisingly long time to find anything on real wage trends in Europe but it looks like, judging by the graphs on page 5 of this paper that Sweden, Norway, and in part the UK are exceptions to quite slow real-wage growth. Germany, France, Italy, Spain, and Denmark follow the wage stagnation of the US.
I very much agree though that my analysis is very focused on the US (and the discussion in general). This paper demonstrates that at least on a micro level there are demonstrated effects on wages and employment from automation in the UK. Says
I guess I’d conclude roughly that stagnation is happening in many (if not all) developed countries. I would wager that automation plays some role, though I would guess that role is relatively small in the grand scheme of things (for now).
Money in elections:
I think even if that theory were true though, I would argue that campaign techniques are improving (a la Cambridge Analytica, AgreggateIQ) such that in the near future money may be more persuasive. I don’t think we’ve really seen a campaign between two tech-savvy politicians willing to pay top dollar for voter manipulation (first one in 2020?) but if we did I would imagine campaign contributions to grow in importance. It would definitely be interesting to dive into this a bit more though.
Pace of Automation:
Yes… I agree this is a major blindspot. I haven’t looked at this literature much at all and don’t really feel qualified to make serious assessments on the quality of the many predictions. I agree there should be something there though. I will add a few sentences following the ILO’s literature review on the Future of Work to give people an idea of what is being talked about