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Productivity has nothing to do with wages. If you worked 4 hours writing a book by hand or 4 hours writing a book on a computer with spell check, you were more
by smaryjerry 6y ago
Productivity has nothing to do with wages. If you worked 4 hours writing a book by hand or 4 hours writing a book on a computer with spell check, you were more productive but it has nothing to do with skill of the user but the technology of the time. Another example is in the 90s only rich has cell phones, now everyone Does, does that mean everyone is now rich? Quality of life is vastly better for the world now.
- pmiller2 6y agoYou should read an economics textbook, then come back and tell me again with a straight face that productivity doesn't affect wages. You don't seem to have an understanding of the issues, and your examples are so irrelevant as to be not even wrong. Roughly, the way it "should" work is that if Company A and Company B are in the same industry, and Company A is more productive than Company B, free market forces cause Company A to pay more than Company B, thus improving their ability to compete for workers. Generalize this to an entire industry of competing companies, and then to an entire economy.
- smaryjerry 6y agoThat would be true if every company didn’t have nearly the same benefit. We are comparing time periods not two companies. Companies from say 1950 are not competing for workers with people from 2020.