Mr Levy and Mr Temin argue that the failure of workers even with undergraduate degrees to keep up with productivity is due to a change in labour market institutions and norms that reduced the bargaining power of most US workers. 利维和特明指出,甚至受过大学教育的工人,收入也未能跟上生产率发展的步伐,这是因为劳动力市场的制度和规范发生了改变,使得多数美国工人的谈判力下降。
The more education the labors attain, the more the labor productivity and bargaining power of workers would be increased. It makes space for wage rising and nominal exchange rate appreciation of China. 劳动力受教育水平的提高促进了劳动生产率和劳动者议价能力的提高,给中国劳动工资的提升和名义汇率的升值带来空间。