4 ms·
Most of the productivity gains go to the top percentage of people. Despite massive gdp increases in 20 years wages havent budged. If all the work was automated
by edmcnulty101 5y ago
Most of the productivity gains go to the top percentage of people.
Despite massive gdp increases in 20 years wages havent budged.
If all the work was automated/outsourced those people would still make the same money.
These are the people who ostensibly will pay for UBI and automation/outsources is one of the cases for UBI.
- qwytw 5y agoIf we take out the period between around 2000 and 2010 they have been growing continuously since 1980 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States#/media/File:Real_Median_Personal_Income_in_the_United_States.png https://en.wikipedia.org/wiki/Personal_income_in_the_United_...) of course it's not at the same rate as GDP (5x vs 1.5x for personal income).
- edmcnulty101 5y agoIt's kept up with inflation. But that's about it. Which means real wage growth is minimal.