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The first workshop of the Chumir-Brookings Project (CBP) on The Technology-Productivity-Distribution Nexus took place at the Brookings Institution on August 1, 2016. It was co-chaired by Joel Bell, Chairman of the Chumir Foundation for Ethics in Leadership, and Kemal Dervis, Vice President and Director of the Global Economy and Development program at Brookings.
The workshop discussed an initial set of discussion notes that had been prepared for the event by Brookings Scholars and invited academic experts. The workshop was attended by authors of the discussion notes and a few other invited experts. The discussion reviewed trends and patterns in technological progress, productivity, and income distribution in major advanced and emerging economies. It focused on the paradox between the seemingly booming technology and declining productivity growth and the concurrent rise in income inequality. The evidence presented spanned macro, sector-level, and micro data. While this first CBP workshop focused on establishing the main trends in productivity growth and income distribution, the discussion also looked ahead to next stages of the project dealing with deeper analysis of the observed trends and patterns and policies to address them.