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There are several sources that measure with this in mind, focusing on production and non-supervisory workers, or by breaking it down by sector. Here's one such:
by jrajav 4y ago
There are several sources that measure with this in mind, focusing on production and non-supervisory workers, or by breaking it down by sector. Here's one such: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/
I haven't yet seen a source, whether it's a total average measure or bucketed, that doesn't at least show that productivity has always continued increasing year-over-year - not always at pace with GDP growth, but "productivity at an all-time high" still holds true. I think this tracks intuitively too, given that we continue to add infrastructure and technology to support production and services.
The key point is that lowest earner's share of income has consistently decreased at the same time. That discrepancy alone, and the fact that the discrepancy has been allowed to widen for many decades now, is what gets us to the situation we're in today.
- PubliusMI 4y agoEven if all laborers and professions have enjoyed productivity gains, if those gains favor higher-earners more, then the share of income of the lowest-earners will consistently do down... Is there something wrong with that?