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What does an individual's productivity have to do with this? And also, the individual productivity has stagnated over the last decade. There's a limit to how

What does an individual's productivity have to do with this? And also, the individual productivity has stagnated over the last decade. There's a limit to how many divs a front end dev can insert per hour and how many toilets a plumber can install per hour and this hasn't gone up lately. Also, wages have not kept up with an individual's increase in productivity as all the gains have been skimmed by the top shareholders, not the workers. So, please don't confuse the rise in stock prices of the bull run in US in the last decade with the rise in wages as a lot of workers haven't felt it.

tlholaday 5y ago
There’s no straightforward way to convert div-inserts-per-hour to value-added-per-hour. The value a plumber creates by installing a toilet depends on the context of the installation.
neilparikh 5y ago
> Also, wages have not kept up with an individual's increase in productivity as all the gains have been skimmed by the top shareholders, not the workers. Much of the gains have also been skimmed by land, many of whom happen to be workers. I think that's part of the reason there hasn't been a strong push to for systemic change. You really have three main classes: capital, labour who happens to own some land (through homeownership), and labour without land. The second group is majority [0], and they've done mostly okay (at the expense of the third). [0] - Or, if they're not the majority, they're still more active and involved in politics, which makes sense, as they've made a very large investment, and would like to see it grow (or at the very least, not lose its value).
alangibson 5y ago
> What does an individual's productivity have to do with this? In regards to your comment about the welfare state being a pyrid scheme, everything. It's why a shrinking population can keep a welfare state solvent. > how many toilets a plumber can install per hour and this hasn't gone up lately. Not true. Modern installation systems like are now universal in new buildings in Europe mean toilet install rates have indeed gone up. > please don't confuse the rise in stock prices of the bull run in US in the last decade with the rise in wages as a lot of workers Who's doing that?

tlholaday 5y ago

There’s no straightforward way to convert div-inserts-per-hour to value-added-per-hour. The value a plumber creates by installing a toilet depends on the context of the installation.

neilparikh 5y ago

> Also, wages have not kept up with an individual's increase in productivity as all the gains have been skimmed by the top shareholders, not the workers. Much of the gains have also been skimmed by land, many of whom happen to be workers. I think that's part of the reason there hasn't been a strong push to for systemic change. You really have three main classes: capital, labour who happens to own some land (through homeownership), and labour without land. The second group is majority [0], and they've done mostly okay (at the expense of the third). [0] - Or, if they're not the majority, they're still more active and involved in politics, which makes sense, as they've made a very large investment, and would like to see it grow (or at the very least, not lose its value).

alangibson 5y ago

> What does an individual's productivity have to do with this? In regards to your comment about the welfare state being a pyrid scheme, everything. It's why a shrinking population can keep a welfare state solvent. > how many toilets a plumber can install per hour and this hasn't gone up lately. Not true. Modern installation systems like are now universal in new buildings in Europe mean toilet install rates have indeed gone up. > please don't confuse the rise in stock prices of the bull run in US in the last decade with the rise in wages as a lot of workers Who's doing that?