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And yet wages for highly skilled workers haven't kept up with productivity increases, cost of living increases and inflation in many parts of the country, inclu
by heavyset_go 5y ago
And yet wages for highly skilled workers haven't kept up with productivity increases, cost of living increases and inflation in many parts of the country, including areas like SF or NYC where you find some of the highest paid workers.
- bb88 5y agoProductivity increases create less demand for labor, so you would expect the demand for labor to drop. If two workers now can do the job of four people five years ago, it doesn't mean the two workers get paid double.