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About your last "edit" paragraph: You can read more about it here: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ TL;DR: P
by throwaway2037 2y ago
About your last "edit" paragraph: You can read more about it here: https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/
TL;DR: Productivity–Pay Tracker: Change 1979q4–2024q1; Productivity +80.9%; Hourly pay: +29.4%; Productivity has grown 2.7x as much as pay
Also, if people are unfamiliar with economics term "productivity", it roughly corresponds to profit per employee, or better, return on equity (ROE).