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>For a profitable company where wages are a major expense, it seems like lower prices with higher wages can only be achieved with higher productivity. Producti
by LordDragonfang 8y ago
>For a profitable company where wages are a major expense, it seems like lower prices with higher wages can only be achieved with higher productivity.
Productivity vs hourly pay has pretty famously stagnated since the 1970s[1] after being closely correlated for years before. The issue is simply that people aren't being paid enough for the value they add to companies.
[1] https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/
- airstrike 8y agoThat first chart totally misses the hourly compensation upside that's observed abroad. Globalization really kicked in during the late 20th century so that's to be expected.