4 ms·
> What has changed since the 1970s is a greater proportion of productivity improvement has gone to capital vs labour. The evidence just doesn't support this. T
by ChadNauseam 4y ago
> What has changed since the 1970s is a greater proportion of productivity improvement has gone to capital vs labour.
The evidence just doesn't support this. There are analyses that purport to, but they look at wages rather than total compensation (including benefits)
- majormajor 4y agoDo you think adding ~10k/year/person for very good group health insurance[0] fully closes that gap? I recall the divergence being a good deal larger than that. At the median, that's about a 20% boost in wages; still doesn't close the gap here, for instance: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ [0] 2020-2021 prices from a previous employer's details
- ChadNauseam 4y agoThis chart tracks the income (including benefits) of "production/nonsupervisory workers" and compares it to per capita GDP. This is not quite the same claim as the one I was replying to, which is that labor in general gets a smaller share of the national income than it used to.