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Despite productivity generally improving over the last few decades, wage compensation has not. I'm concerned this will continue as a trend with any productivit
by Hedepig 4y ago
Despite productivity generally improving over the last few decades, wage compensation has not.
I'm concerned this will continue as a trend with any productivity improvements from these models.
- sumitkumar 4y agoAll the productivity gains are first transferred to the consumer(because of market dynamics) and then(by the market winners) to shareholders. The workers' wage market is not related to productivity but how the company is internally organized is linked to productivity.
- Hellmitioksldf 4y agoMy way helped me succeed. I took my skills and my achievements (which i made in my R&D Time) to another company and got more money and than i did it again and got more money again.
- foobarbecue 4y agoRight. Presented with efficiency gains, firms tend to increase profit, not wages. One way to change that is to give workers more bargaining power through market shifts or unionization.