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>Productivity growth literally is just wage growth, by definition. It is impossible for them not to track each other. I don't understand what you mean by this.
by snapcaster 2y ago
>Productivity growth literally is just wage growth, by definition. It is impossible for them not to track each other.
I don't understand what you mean by this. If i own a business, and employee productivity increases but i don't increase wages doesn't that disprove your statement?
- milesrout 2y agoProductivity as a macroeconomic measure (which is what is being discussed here) is just a measure of wages.