3 ms·
Speaking from a historical perspective, over the last 50 years or so, almost all productivity gains have gone to capital gains not salaries, i.e. it is only the
by cycomanic 5y ago
Speaking from a historical perspective, over the last 50 years or so, almost all productivity gains have gone to capital gains not salaries, i.e. it is only the rich benefiting from productivity gains. This is in stark contrast to the time before the 1980s [1,2].
[1] https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/
[2] https://www.weforum.org/agenda/2020/11/productivity-workforce-america-united-states-wages-stagnate https://www.weforum.org/agenda/2020/11/productivity-workforc...