Productivity-Wage Gap
The cluster discusses the divergence between rising worker productivity and stagnant or disproportionately low wage growth since the 1970s, often referencing EPI charts and questioning why productivity gains benefit capitalists more than workers.
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wages have absolutely not risen proportional to worker productivityhttps://www.epi.org/productivity-pay-gap/
productivity goes 1000+% wages not so much
Why would an increase in productivity make people worse off?
Only if productivity have not increased.
Productivity has been increasing. Wages have not.
You mean wage stagnation? Productivity has shot through the roof since 1973.https://www.epi.org/productivity-pay-gap/
productivity increases were meant to help us earn more by working less. what went wrong
https://wtfhappenedin1971.com/Productivity keeps rising, wages don't (to the same degree). Slice it how you want, that's the bottom line, and the reason is exploitation by people who are addicted to adding another zero to a number where the last few zeroes already made no difference, because the issue is in their head, not their bank account.
Actually the lesson of optimizing productivity over the last 100 years is that the benifits have almost exclusively gone to the "capitalists" (in the sense of the people financing work with their capital) and not benifited workers. With the productivity gains that we saw over the last century we should be working 1-2 day weeks for the same standard of living (fun fact many economists of the 1900s were worrying about people not having enough to work in the future). What happened is tha
Economically, there's no real difference between productivity rising for different reasons. However, people "working more" has nothing to do with any of them - productivity measures value produced per time worked, and so rising productivity by definition means that people produce more with the same amount of time working. From this perspective, there's no reason why a productivity rise due to computers in the 2000s should be any different from a productivity rise due to better factory equipment