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So basically, improvements in productivity are only benefitting people in areas where productivity has improved? That seems more like a tautology to me than som
by makomk 7y ago
So basically, improvements in productivity are only benefitting people in areas where productivity has improved? That seems more like a tautology to me than something which can be fixed by gnashing teeth about the distribution of wealth
- xg15 7y agoHow did you get from > The average worker hasn't seen a real pay [rise] in 40 years to > So basically, improvements in productivity are only benefitting people in areas where productivity has improved? ? Worker productivity has increased enormously in the last decades.
- makomk 7y agoI didn't? Obviously, I got that from the "housing, education, healthcare, costs are rapidly raising in real terms and have not followed Moore's law in usefulness" part...
- bsanr2 7y agoImprovements in productivity are only benefitting people who own a critical mass of capital and can therefore dictate where the return on productivity gains go.