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Increasing and stagnating are not mutually exclusive. Wages may be increasing, but the benefits of productivity gains have not been evenly distributed. Producti
by thayne 1y ago
Increasing and stagnating are not mutually exclusive. Wages may be increasing, but the benefits of productivity gains have not been evenly distributed. Productivity has increased faster than wages have, and difference has gone to the already wealthy.
- andsoitis 1y ago> Productivity has increased faster than wages have, and difference has gone to the already wealthy. What/who has financed productivity increases? Isn’t it tools and infrastructure etc. for the most part, paid for by asset owners? There are likely exceptions, but big picture.