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Where is all this productivity [0] going, then, if not to wages? Is it just "disappearing" [unlikely, IMHO]? [0] researchgate.net/figure/US-Productivity-and-Ho

Where is all this productivity [0] going, then, if not to wages? Is it just "disappearing" [unlikely, IMHO]? [0] researchgate.net/figure/US-Productivity-and-Hourly-Compensation-Source-Bureau-of-Labor-Statistics_fig1_270640833

WalterBright 2y ago
It goes to the government. The government consumes something like 24% of the GDP.
- Straw 2y ago
  That's federal only!
- consteval 2y ago
  … and then 40% of the GDP comes from the public sector. Centralized systems are more efficient by definition, it’s why the public sector can seemingly magically multiply money where the private sector cannot.
Straw 2y ago
Wages don't count benefits, total compensation has risen faster than wages.