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Workers will be more productive, which is why there will be fewer of them.
by chrischen 7y ago
Workers will be more productive, which is why there will be fewer of them.
- bobthepanda 7y agoMore productive blue-collar work is good though, because it results in two things: - a path to higher earnings for those without college-level education, slowing if not eliminating the hollowing out of a lot of traditional "middle class" jobs - said workers will also result in additional money flowing through the economy. Lower earning workers spend more of their income on goods and services as opposed to savings, boosting the economy. It's why Ford paid his workers enough to be able to afford his cars, a crazy idea at the time; a healthy middle class is one that can spend money on further things. The increasing economic inequality in America has mostly resulted in lower-earning workers using credit to try and replace middle-class earning power, and we saw how well that turned out the last recession.
- cliffy 7y agoWhat makes you think improvements in productivity will result in higher earnings for blue-collar workers? In reality relative productivity and pay have diverged wildly since 1973: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ It seems like increases in productivity would only increase employment and pay if there are laws in place to make those things happen.