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When an activity produces an economic surplus there's a pretty obvious conflict that occurs in terms of how that surplus will be distributed between workers and
by xyzzy123 2y ago
When an activity produces an economic surplus there's a pretty obvious conflict that occurs in terms of how that surplus will be distributed between workers and capital owners.
You can search for "productivity vs compensation" to see the classic graph that shows compensation and productivity decoupling around 1980 in the US. One such is e.g: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ or for Australia (because that's where I live) over a different timeframe: https://www.abs.gov.au/articles/has-worker-compensation-reflected-labour-productivity-growth https://www.abs.gov.au/articles/has-worker-compensation-refl... - I'm not sure anybody has conclusively identified the root cause although a lot of people have ideas.