<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;"><head><meta http-equiv="Content-Type" content="text/html charset=us-ascii"></head><section class="ccb ccb-chapter" data-chapter-title="Endnotes" data-chapter="6" id="chapter-6" style="box-sizing: inherit; color: rgb(51, 51, 51); font-family: 'Open Sans', sans-serif; font-size: 16px;"><div class="footnotes" id="footnotes-465744" style="box-sizing: inherit; line-height: 1.3;"><ol style="box-sizing: inherit; margin: 0px 0px 0.65em; padding: 0px 0px 0px 2rem; font-size: 1.1rem !important; line-height: 2rem !important;"><li id="fn-465744-91" class="selectionShareable _mPS2id-t" style="box-sizing: inherit; margin-bottom: 1rem !important; line-height: 2; word-wrap: break-word;"><span class="footnotereverse" style="box-sizing: inherit;"><a href="https://www.americanprogress.org/issues/economy/reports/2019/02/01/465744/trumps-trade-deal-road-not-taken/#fnref-465744-91" in_tag="ol" kaspersky_status="skipped" class="_mPS2id-h" style="box-sizing: inherit; text-decoration: none; transition: color 150ms ease; -webkit-transition: color 150ms ease; color: rgb(35, 94, 189);"></a></span></li><li id="fn-465744-92" class="selectionShareable _mPS2id-t" style="box-sizing: inherit; margin-bottom: 0px; line-height: 2; word-wrap: break-word;">The evolution the real wages in the United States in the late 1930s provides an illuminating example the benefits of a high-road environment. As Robert Gordon has pointed out, real wage increases, produced at least in part by the National Industrial Recovery Act and the National Labor Relations Act in the 1930s, stimulated the adoption of productivity-enhancing technology, even when unemployment rates were high. See Robert Gordon, <em style="box-sizing: inherit;" class="">The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War</em> (Princeton: Princeton University Press, 2016). <span class="footnotereverse" style="box-sizing: inherit;"><a href="https://www.americanprogress.org/issues/economy/reports/2019/02/01/465744/trumps-trade-deal-road-not-taken/#fnref-465744-92" in_tag="ol" kaspersky_status="skipped" class="_mPS2id-h" style="box-sizing: inherit; text-decoration: none; transition: color 150ms ease; -webkit-transition: color 150ms ease; color: rgb(35, 94, 189);"></a></span></li></ol></div></section></body></html>