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Increased profits from increased productivity have not resulted in increased income for most workers in recent (~half a century) history.
by mysecretaccount 3y ago
Increased profits from increased productivity have not resulted in increased income for most workers in recent (~half a century) history.
- nfw2 3y agoThey have if you zoom out to the global scale
- ioblomov 3y agoExactly. China created a middle class the size of the United States all in one generation.
- mysecretaccount 3y agoSure, but that isn't meaningful in this case - the vast majority of the new marginal profit goes to share and business-holders regardless.
- yoav 3y agoIt’ll be great for freelancers and terrible for employees.