Do the Benefits of Productivity Growth Only Go to the Rich?

Tuesday, December 16, 2014 - 9:00 AM to 10:30 AM
Information Technology and Innovation Foundation
1101 K Street, NW 610 A
Washington, DC 20005

Numerous books and research studies, most notably Thomas Piketty’s Capital in the Twenty-First Century, have argued that almost all the gains from increased U.S. productivity growth have been accrued by the wealthy, with the rest of us getting almost nothing.

Why does this matter? Because if it’s actually true that productivity no longer benefits most workers, then why should elected officials do the hard work of advancing pro-productivity policies like corporate tax reform, investment in science and technology, and the development of sector-based productivity strategies. Better to concentrate their efforts on policies to redistribute gains to the bottom 90 percent.

Please join ITIF for the release of a report by labor economist Stephen Rose that uses new data to dispute these dismal findings. Rose will discuss the significant limitations to the analysis of researchers such as Piketty and explain why most average Americans enjoy a higher standard of living today than Americans 30 years ago. The presentation will be followed by an expert panel discussion.

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12/16/2014 09:0012/16/2014 10:30America/New_YorkITIF Event: Do the Benefits of Productivity Growth Only Go to the Rich?Information Technology and Innovation Foundation, 1101 K Street, NW, Washington, DC 20005More information:
Robert D. Atkinson
Information Technology and Innovation Foundation
Stephen Rose
Research Professor
George Washington University Institute of Public Policy
Gary Burtless
Senior Fellow, Economic Studies
Brookings Institution
Ruy Teixeira
Senior Fellow
Center for American Progress