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It follows from how innovation increases productivity, and productivity increases real (adjusted for inflation) wages.
by grandalf 15y ago
It follows from how innovation increases productivity, and productivity increases real (adjusted for inflation) wages.
- forensic 15y agoThe productivity increases caused by the computer revolution did not increase real (adjusted for inflation) wages though. All the profit was eaten by entrepreneurs and finance. Wage-workers got very little, their wage growth rate actually decreased significantly since the computer revolution.
- grandalf 15y agoDo you have support for that assertion? What is a "wage worker"?