Even though wages have increased way slower than productivity. Fact is Americans are more productive than ever but being paid Jack shit compared to pre Reagan, just so the rich can hoard it all
Poor kids should be spending more time in the mines working off their debt we keep giving them. They shouldn't be wasting their time with gifts and presents.
If productivity is measured in wage to output ratio (which I bet is how Lone Skum would measure it) you bet they’re more productive than ever! Output go up, wage go sideways.
If productivity is measured in wage to output ratio
It's been a while since I was in grad school, but I remember being taught that America actually ranks among the most productive nations in the world by this measure. Could be remembering wrong.
Roughly 400% increase in productivity since 1980, and 15% increase in wages.
Wage theft is one of the most common ways that the wealthy steal from the poor, is under-reported/under-enforced, and individual employees have almost no recourse.
Wage theft also takes the form of fixing raises across nearly all 'corporate' jobs at 3.5% across the board, in deliberately under-paying workers to "cut costs", and various other lies fed to Americans.
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u/Count_Bacon 1d ago
Even though wages have increased way slower than productivity. Fact is Americans are more productive than ever but being paid Jack shit compared to pre Reagan, just so the rich can hoard it all