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[–] 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.

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[–] 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.