Workers Are Losing Out Globally by Yglesias

The bulk of the paper is dedicated to developing a technical model in which those factors can be linked and explained as a function of the declining cost of investment goods. That certainly could be right. 

In terms of discussions on the Web that militates in favor of something like the technology explanation and against something like the "robber baron" hypothesis since technology is more something that's the same everywhere. I think my conjecture about the impact of asymetrical macroeconomic stabilization holds up here in the sense that the "Great Moderation" move to strict inflation targeting regimes was more-or-less global, but you'd want to check on that. I'm less confident in that account than I was before seeing this, and more inclined to buy technology-based theories.

I don't know what to make of this.

Commenter Sadowski writes: "The technological story has been pushed aggresively by organizations like the BIS that are perpetually in favor of tight money and want to let policymakers off the hook."

The BIS is pretty bad.