What if we’re thinking about productivity all wrong?In his Substack newsletter, Jonn Elledge takes apart Conservative MP Nick Fletcher's October 2023 tweets blaming mass university education for worthless degrees and a falling graduate wage premium, citing FT data and Will Cooling's case that austerity held down public-sector wages. Wandering Bedford, Elledge argues flatlining wages may cause Britain's productivity trap, not result from it, and urges a government pay rise.