Today’s great paradox is that we feel the impact of technology everywhere – in our cars, our phones, the supermarket, the doctor’s office – but not in our paychecks. We work differently, communicate with each other differently, create differently, and entertain ourselves differently, all thanks to new technology. Yet since the beginning of the personal computer revolution three decades ago, the median wage has remained stagnant.
How Technology Has Affected Wages for the Last 200 Years
At first they go down, but then they go up.
April 29, 2015