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The long-standing view in US economic history is that the shift in manufacturing in the nineteenth century from the artisan shop to the mechanized factory led to “labor deskilling.” Craft workers were displaced by mix of semi-skilled operatives, unskilled workers, and a small force of...
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The long-standing view in US economic history is the shift in manufacturing in the nineteenth century from the artisan shop to the mechanized factory led to "labor deskilling." Craft workers were displaced by mix of semi-skilled operatives, unskilled workers, and a reduced force of mechanics to...
Persistent link: https://www.econbiz.de/10014322722
The consensus view among economic historians is that wage inequality in American manufacturing followed an inverted-U path from the early nineteenth century until just before World War Two. The previous literature, however, has been unable to fully document this path over time, or fully assess...
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Establishment-level data are used to study capital deepening - increases in the capital-output ratio - in U.S. manufacturing from 1850 to 1880. In both nominal and real terms, the aggregate capital-output ratio rose substantially over the period. Capital deepening is shown to be especially...
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