There is a book regarding this topic from 1995 written by American economist Jeremy Rifkin: “The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era”. He predicted devastating impact of automation on blue-collar, retail, wholesale employees and the growth...
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Figure 2 shows the time evolution of real wages, namely nominal wages deflated over time by the consumer price index FOI (Indice nazionale dei prezzi al consumo per famiglie di operai e impiegati). While consumer inflation shown in the bottom part of the panel monotonically shrinks, in ...