Statistical Brief: Higher Wages Accompany Advanced Technology
Statistical Brief: Higher Wages Accompany Advanced Technology
Report Number: SB/93-14
Economists have long studies the development and diffusion of new technologies. This interest stems from the fact that technological progress is one of the basic engines of economic growth.
This brief examines the use of new production technologies. Using U.S. Census Bureau data from the 1988 Census of Manufactures and the Survey of Manufacturing Technology (SMT), this Brief reports on the finding that manufacturing plants using advanced technologies are larger and pay higher wages than other plants.
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Page Last Revised - October 8, 2021