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This type of view of things is extremely hard to maintain considering that the last 20 years where wages have stagnated, yet productivity and profitability has
by Drakim 5y ago
This type of view of things is extremely hard to maintain considering that the last 20 years where wages have stagnated, yet productivity and profitability has been growing like crazy. Minimum wage earners have actually been dropping in pay due to deflation.
- CryptoPunk 5y agoThis is NOT true. First of all, you're limiting your analysis to just the US. For the world as a whole, wages have grown more over the last 30 years than in any other period in human history: https://www.csmonitor.com/World/2016/0207/Progress-in-the-global-war-on-poverty https://www.csmonitor.com/World/2016/0207/Progress-in-the-gl... Second, the primary cause of the slowdown in wage growth in the US is a slowdown in productivity growth: https://www.brookings.edu/opinions/sources-of-real-wage-stagnation/ https://www.brookings.edu/opinions/sources-of-real-wage-stag...