3 ms·
I appreciate your argument that most labour have not increased in value - I guess this metric would be called “labour productivity”. If you have the graph you l
by jeofken 6y ago
I appreciate your argument that most labour have not increased in value - I guess this metric would be called “labour productivity”. If you have the graph you linked with a longer timeline - it starts just before 1970s - thatd be interesting.
I still see graphs as these https://wtfhappenedin1971home.files.wordpress.com/2020/06/img_0540-1_arrow.jpg https://wtfhappenedin1971home.files.wordpress.com/2020/06/im... as clearly saying labour compensation correlated with advances in technology until 1971, when there was a dramatic shift, and that this is also the time when supply of $ was put in the hands of central bankers rather than any real and external asset.