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Highly unlikely. Productivity growth engendered higher incomes, not the other way around. The 70's is when that growth came to an end.
by boh 6y ago
Highly unlikely. Productivity growth engendered higher incomes, not the other way around. The 70's is when that growth came to an end.
- User23 6y agoUp until about 1970 workers wages and productivity grew equally, but then while productivity continued growing at the same rate it had been, inflation adjusted real wages plateaued and haven’t much risen since.[1] [1] https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/ (see figure 2)