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why would minimum wage keep pace with productivity if those workers aren’t the ones being more productive? overall productivity increase because of tech and gl
by ffggvv 5y ago
why would minimum wage keep pace with productivity if those workers aren’t the ones being more productive?
overall productivity increase because of tech and globalization, of course a work whose productivity has stayed the same shouldn’t expect to make more just because other parts of the economy do well
- NicoJuicy 5y agoWhat if the entire industry is automated by an AI. No software engineers and no workers required.
- imtringued 5y agoDoesn't matter. Just take workers from the surplus pile. They don't ask for much.
- KptMarchewa 5y ago>productivity The productivity is only a matter of local purchasing power. If it were any other, why would third world barber be extremely less productive than Manhattan one? So, when higher middle and higher classes increase their productivity by tracking global population and selling ads, the productivity of people servicing them has to increase.
- refurb 5y agoProductivity doesn’t determine wages. Supply and demand does.
- thundergolfer 5y agoA software engineer can’t produce any productive work unless a slave-labourer digs out the rare metals for the chip and a whole host of people work to keep the electricity grid running. Who is more productive? Everyone is, even the people who use shovels to dig the earth, because the effect of their labour is magnified downstream.