4 ms·
This doesn't make any sense to me. Wages have steadily raised at the same rate of productivity between the end of WWII and the 1970s. People started selling the
by ossobuco 2y ago
This doesn't make any sense to me. Wages have steadily raised at the same rate of productivity between the end of WWII and the 1970s. People started selling their labor centuries before that.
- 9rx 2y agoIt started to some degree centuries before, but it was a slow road to see people fully embrace the new world of selling time. Selling things remained the norm for a long time after the first worker started working for wages. However, by the 1970s, nearly everyone was working for wages. The rate of self-employment has remained effectively stagnant since then. This period marks, for all intents and purposes, the limit of human labor productivity. Productivity has continued to rise since, but on the back of automation, not as a result of humans becoming even more productive laborers.