It's simple: workers have less bargaining power than they used to have so they can't demand a share of the profits the way that those at the top can. I'm not a fan of unions because they have the same power-structure problems that any large organizations have, but the rise in pay inequality clearly coincides with the decline of unions.
No idea what the answer is. Whether it's some version of ensuring a worker advocate is on the board of a corporation or that some kind of coop ownership scheme gives employees voting rights, hell I have no idea, but pay inequality won't change on its own.
Workers that have done well are those who can either draw a direct line between their contribution and profits (sales) or are scarce enough to demand high compensation (tech workers). Most everybody else is shit out of luck from a negotiation perspective, at least without some form of collective action.
No idea what the answer is. Whether it's some version of ensuring a worker advocate is on the board of a corporation or that some kind of coop ownership scheme gives employees voting rights, hell I have no idea, but pay inequality won't change on its own.
Workers that have done well are those who can either draw a direct line between their contribution and profits (sales) or are scarce enough to demand high compensation (tech workers). Most everybody else is shit out of luck from a negotiation perspective, at least without some form of collective action.