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Awesome. It's great to see that things like the Fight For 15 movement and the anti-collusion lawsuit in tech are having an impact. As wages and compensation r
by eli_gottlieb 11y ago
Awesome. It's great to see that things like the Fight For 15 movement and the anti-collusion lawsuit in tech are having an impact.
As wages and compensation rise, it'll also be an interesting natural experiment to measure how private R&D spending responds. Productivity growth has been historically low these past few years, and only as short a while ago as 2012 or 2013 private R&D as a percentage of GDP was, according to my google-fu, quite low, while now it's higher.
If companies and the government could somewhat coordinate to see that the working-class demand-side of the economy improves its condition while the public and private sector spend money on R&D to improve productivity, the economy could stand a chance of acting remotely healthy some year soon.