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Working Paper No. 294: Technological Change and Wage Polarization – The Illiberal Populist Response

PublikationWorking paper
Arbetsmarknad, Jonas Grafström, Teknikskiften
jg_technological_change_wage_polarization_294
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Sammanfattning

The purpose of this paper is to discuss populist actions that are expected follow technological change on the labor market.1 The causes and consequences of possible technological unemployment will be addressed and to what extent it could be expected that the rapid technological change leads to unemployment (or that the labor market adapts in a similar way to previous technological changes as has been seen in history so far). A transforming labor market will constitute challenges for the future – possible wage polarization and heterogeneous distribution of unemployment in the labor force might create a demand for policy solutions that have an illiberal direction. In the paper it will be argued that the threat of populism will come from a disgruntled middle class rather than as commonly believed the poorer strata of the wage distribution.

Grafström, J. (2017). Technological Change and Wage Polarization – The Illiberal Populist Response. Ratio Working Paper No. 294. Stockholm: Ratio.

Baserat på innehåll

Ratio Working Paper No. 336 An Austrian economic perspective on failed Chinese wind power development
Working paperPublikation
Grafström, J.
Publiceringsår

2020

Publicerat i

Ratio Working Paper

Sammanfattning

China is currently hailed as the world’s premier wind power producer. However, despite twice the installed wind power capacity compared to the United States in 2015, the Chinese installed capacity produces less power. Grid connectivity is remarkably low, Chinese firms have few international granted patents, and export is minimal even though production capacity far exceeds the domestic production needs. Using the tools of Austrian economics, failures in China’s wind power development from 1980-2016 is documented and analysed. From a theoretical standpoint, both a planning problem and an entrepreneurial problem is evident where governmental policies create misallocation of resources and a hampering of technological development.

Ratio Working Paper No. 336 An Austrian economic perspective on failed Chinese wind power development
Working paperPublikation
Grafström, J.
Publiceringsår

2020

Publicerat i

Ratio Working Paper

Sammanfattning

China is currently hailed as the world’s premier wind power producer. However, despite twice the installed wind power capacity compared to the United States in 2015, the Chinese installed capacity produces less power. Grid connectivity is remarkably low, Chinese firms have few international granted patents, and export is minimal even though production capacity far exceeds the domestic production needs. Using the tools of Austrian economics, failures in China’s wind power development from 1980-2016 is documented and analysed. From a theoretical standpoint, both a planning problem and an entrepreneurial problem is evident where governmental policies create misallocation of resources and a hampering of technological development.

Ratio Working Paper No. 320: Public policy failures related to China’s Wind Power Development
Working paperPublikation
Grafström, J.
Publiceringsår

2019

Publicerat i

Ratio Working Paper

Sammanfattning

An anecdote about the failure of the Soviet economic system tells about a factory which were evaluated based on tons of nails produced – unsurprisingly the nails became heavy. China is currently hailed as the worlds primer wind power producer; however, a closer examination reveals a string of policy failure making the Chinese wind power development resemble the infamous Soviet nail example. From a technological transition perspective, policy failures in China’s wind power program from 1980-2016 is documented and analysed. Five overarching topics are analysed including: Conflicting policies, quality problems, underwhelming technological development, lacking technological standards and insufficient grid transmission system. One conclusion is that when the Chinese government set a command and control target of how much new installed capacity that was going to be constructed the state utilities delivered to target but with an abundance of power plants without grid connectivity, severe quality problems and low technological development.

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