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Productivity goes into reducing prices, not increasing pay. When a whole market can make 10x more solar panels for the same cost, solar prices go down by you g
by randyrand 6y ago
Productivity goes into reducing prices, not increasing pay.
When a whole market can make 10x more solar panels for the same cost, solar prices go down by you guessed it - about 90%.
You don't suddenly have 10x more profit to pay your employees. Maybe a monopoly would, but not a competitive market like most businesses are in. These people have absolutely no clue what they are talking about.
- refurb 6y agoThis is an interesting comment and your example is a good one, however, the productivity gains are measured in dollars, so I would assume they account for lower prices already. Unless there is some independent measure of the value of product that doesn't reflect lower prices.