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>American productivity has increased by 77 percent, while hourly pay has grown by only 12 percent Yes but where has this happened. I suspect it's happened thro
by xupybd 8y ago
>American productivity has increased by 77 percent, while hourly pay has grown by only 12 percent
Yes but where has this happened. I suspect it's happened through automation. Meaning that the productivity gains might not be per employee and might not easily translate into the pockets of workers.
- 2bitmachine 8y agoThey sure seem to have no problem materializing into the pockets of execs though...
- _nalply 8y agoProbably the gains went to the owners, i. e. shareholders. Or, perhaps, David Graeber wrote in his book «Bullshit Jobs» that at least a part of the gains inflates the bullshit part of businesses, i. e. more bullshit managers are employed. Of course this means that the hourly pay would rise. I don't know.
- toofy 8y agoI really need to pick this book up, I've seen it mentioned so many times since it came out.