James Bessen, Learning by Doing: the Real Connection between Innovation, Wages, and Wealth

Abstract. Across most industries, workers feel the effects of automation.  Does innovation permanently replace workers or are they temporarily displaced within firms and labor markers?  James Bessen’s book Learning by Doing combines theory and economic history to illustrate and inform readers and managers alike concerning modern labor markets. Keywords. Wages, Wealth, Innovation. JEL. E21, E24, J30, O10, O30.