I've had a nagging suspicion for a while now that we weren't seeing quite the whole picture of how our economy was changing over the last 15-20 years. Turns out it's mostly because we haven't been measuring (or reporting) things like Productivity very well. And actually, you could make a decent case that while our fearless leaders have known about this all along, they've steadfastly refused to explain it to us clearly - instead, we just get the usual happy-talk about how great everything is and if you're not able to participate, then you must be doing something wrong.
Above all, if offshoring has been driving much of our supposed productivity gains, then the case for complete free trade begins to erode. If often such policies simply increase corporate profits at the expense of American workers, with no gains in true productivity, then they don’t necessarily strengthen the national economy.
The Op-Ed piece homes in on the disconnect between stagnating wages and the big increase in productivity that we keep hearing is supposed to drive up a worker's earnings.
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