2 ms·
> Basically, it's easier to manipulate individuals into working for less if the number they're getting remains the same or even goes up, but slower than real in
by dnautics 6y ago
> Basically, it's easier to manipulate individuals into working for less if the number they're getting remains the same or even goes up, but slower than real inflation.
But that's that's not what happens. Wages don't keep up with inflation. https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/
- BobbyJo 6y agoI could be wrong, but it looks like that is comparing an aggregate/mean ('total productivity's) with a median ('typical wage'), which would paint a very innaccurate picture of what's happening. Like, imagine everything stays the same, but a new class of extremely productive high paying jobs is invented, and grows to 10% of the workforce. This would have only a marginal effect on median wage but a huge effect on aggregate productivity. Nothing would change in any other industry (bread factories still have the same output and still pay the same) but it would make this stat look like like 'the rich are stealing our wage growth'.