Worker productivity is up over 250% since 1950 while wages are up only 115%.
This reflects the leverage of computers and automation, not how hard they are working.
Worker productivity is up over 250% since 1950 while wages are up only 115%.
This reflects the leverage of computers and automation, not how hard they are working.
The problem is that innovation doesn’t account for stagnant wages.
Really? Think that through.
It can and will continue to account for stagnant wages- and in many cases no wages- for some.
You are unfamiliar with economics but just briefly I will point out to you that as the cost of wages approaches or exceeds the price of automation it makes automation a more beneficial option and acts as a buffer against excessive wage demands by workers.
Especially where offshoring for cheaper labor is not an option such as in service industries. Your union buddies and advocates such as yourself that say that no wage is high enough because everyone is special have created a massive, massive number of jobs. Unfortunately they are all in China. That's your preferred way of showing your great love for the working class.
More failure from you. There’s no shortage of jobs in America. .
Probably read Ayn Rand as kids and have been fucked up in the head ever since. "Workers are moochers!" Etc.You and @TreeFrogTrader hate the American worker for no good reason. This has already been discussed. Computers, automation, the wheel, the printing press, plows, the assembly line, etc innovation has been happening since the Dawn of time. The problem is that innovation doesn’t account for stagnant wages.
you extend the virtue of lecture onto them? You're too kindProbably read Ayn Rand as kids and have been fucked up in the head ever since. "Workers are moochers!" Etc.