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cover of episode As goes productivity, so goes wages. Right?

As goes productivity, so goes wages. Right?

2024/12/27
logo of podcast Marketplace All-in-One

Marketplace All-in-One

Shownotes Transcript

When workers get more productive, higher wages might follow. So what about jobs that just can’t get more productive? In this episode, we explain why those workers’ wages may rise anyway — a concept called the Baumol effect — with help from an economist who’s also an amateur bassoonist. Plus, the trade deficit is no sweat, a Georgia program trains refugees for tech jobs and we check in with an urban tour guide in Kansas City.