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> The benefits of those efficiency improvements are already going to the owners of the capital, not to workers, and this has been going on for decades. Per you
by grandmczeb 5y ago
> The benefits of those efficiency improvements are already going to the owners of the capital, not to workers, and this has been going on for decades.
Per your source, the "productivity-pay gap" largely explainable through increases in pay inequality while the change in labor's share of income is a much smaller factor (and it's worth mentioning EPI is probably overstating the size of the gap in the first place[1]).
As an alternative to your hypothesis, my guess is that workers in jobs amenable to automation are reaping huge increases in pay (e.g. engineers) while jobs that are more difficult to automate are falling behind.
> We already need to find ways to distribute the benefits of these efficiency improvements more equally.
I wholeheartedly agree. I propose we find ways to automate low productivity jobs so all workers can enjoy the associated benefits.
[1] https://fee.org/articles/the-myth-of-the-pay-productivity-gap/ https://fee.org/articles/the-myth-of-the-pay-productivity-ga...