Great article, I always need reminding of the positives! Paywalled, http://www.sciencedirect.com/science/article/pii/S0164070407001358
But Hendry’s work shows a 6 fold increase in real wages (500x nominal) since 1860 only—with hours worked dropping considerably. Must have been pretty tough!
Great article, I always need reminding of the positives! Paywalled, http://www.sciencedirect.com/science/article/pii/S0164070407001358
But Hendry’s work shows a 6 fold increase in real wages (500x nominal) since 1860 only—with hours worked dropping considerably. Must have been pretty tough!