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Newspaper Article - Project Syndicate

Economic Growth is No Longer Enough

| Oct. 25, 2017

As new technologies subject the world’s economies to massive structural change, wages are no longer playing the central redistributive role they once did. Unless the decoupling of productivity and wages is addressed, the political convulsions many countries are experiencing will only intensify. This brings us to the central question of our era: How can leaders address the externalities produced by rapid technological change, and thereby ensure economic and political sustainability? Put another way, how can we construct a new social contract for the digital age?