Archived Understanding the Historic Divergence Between Productivity and a Typical Workers Pay (epi.org)
submitted ago by flyawayhigh
Posted by: flyawayhigh
Posting time: 5.2 years ago on
Last edit time: never edited.
Archived on: 2/12/2017 1:51:00 AM
Views: 71
SCP: 8
8 upvotes, 0 downvotes (100% upvoted it)
Archived Understanding the Historic Divergence Between Productivity and a Typical Workers Pay (epi.org)
submitted ago by flyawayhigh
view the rest of the comments →
[–] flyawayhigh [S] ago
This study naturally holds your concerns constant. It's built right into the numbers. The worker may be getting less or more today than in the past but one thing is clear -- the producer is taking a greater share of the wealth created. You can call BS if you want, but the numbers here speak for themselves.
If this were a study of inflation, cost-of-living, or standard-of-living, your concerns would be legitimate.
[–] kurtznnj ago (edited ago)
But a worker in 1983 was driving a car without airbags, ABS or modern collision frames. A worker in 1983 wouldn't instantly access information on a smart phone with an LTE connection nearly anywhere in the US. There have been significant medical advances that simply couldn't be purchased with any amount of money in 1983 that are available today. So I really don't buy this argument because today we have so much more than what we had, even just 10 years ago. This qualitative factor is not considered in these studies.
[–] flyawayhigh [S] ago (edited ago)
I get what you are saying. It is a difficult question, but it is simply not present here. Let me try to explain better. These numbers are for illustration.
Let's say that, in 1973, a worker produced a $10.00 of output per hour. The worker was paid $5.00 an hour.
Today, that same worker produces $40.00 of output. The worker is paid $10.50 an hour.
The company takes a greater percentage. That's what this study says and it is true without having to look at those other things.