3 ms·
I'm not a right-winger and I'm not dismissing the statistic. The statistic is correct. The question was "why aren't wages tied to productivity?". The answer is
by galacticpony2 9y ago
I'm not a right-winger and I'm not dismissing the statistic. The statistic is correct. The question was "why aren't wages tied to productivity?".
The answer is, an employer will only pay as much as necessary, even if workers become more productive. That's just common sense.
An increase in productivity correlates with an increase in wages only if market demand supports it. An increase in productivity combined with stagnant demand will reduce the amount of labor required, increasing the supply of labor, lowering its price. Is that not obvious?
- lawpoop 9y agoMake with the numbers.