Productivity gains are all in tech - mostly software at that. Seriously, I’d guess 95% of all gains in that time period. The people implementing that tech have

Productivity gains are all in tech - mostly software at that. Seriously, I’d guess 95% of all gains in that time period. The people implementing that tech have captured a slice of the value. Senior engineers with no degree can and do pull in $500k. And how could they not? It may not be easy to do a start up, but it’s trivial. At the same time, companies are competing for employees in their rapidly expanding markets - fighting for billions of future dollars. The people being replaced or made to be more productive have not captured any of that value nor do I see any market based reason why they would. Do their jobs require specialized skills now? No, nothing more than a bit of training… in fact demand is down for them. Productivity gains and wages are strongly coupled but productivity gains are not uniformly distributed.