Tag Archives: Expectations

Lowered Expectations and The Historical Origins of the ‘Great Decoupling’ in Canada

by Christo Aivalis Recently many economists have emphasized that since the 1970s in western nations like Canada and the United States, high profits and productivity have been accompanied by stagnating wages, especially for lower income workers. These commentators, including Nobel Laureate Paul Krugman, MIT professors Erik Brynjolfsson and Andrew McAfee, The New York Times’ Steven Greenhouse, and UNIFOR economist Jim Stanford,… Read more »