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You or the parent are more than welcome to post data proving the opposite is true. Instead both of you are just stating things with nothing but vibes to back i
by edgyquant 3y ago
You or the parent are more than welcome to post data proving the opposite is true. Instead both of you are just stating things with nothing but vibes to back it up.
- uoaei 3y agoYou'll note of course that I'm not arguing the opposite conclusion. Don't try to force that on me. I'm just saying it seems really uncritical to assume that cumulative data says anything about median purchasing power.
- rhelz 3y agoUp until about 1973, when worker productivity rose, the wages rose in lockstep. Since then, worker productivity is up about 2.4x but wages have remained stagnant. https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/
- pas 3y agoFYI that graph is very misleading (using different deflators for the productivity and for the hourly comp, also it's missing benefits and other parts of total compensation that are all paid by productivity increases) https://www.reddit.com/r/badeconomics/comments/6rtoh4/productivity_pay_gap_in_epi_we_trust/ https://www.reddit.com/r/badeconomics/comments/6rtoh4/produc...