> Workers are under the perennial illusion that they'll ever benefit from productivity gains, but that hasn't been the case since the 1970s.
Agreed, except that workers have never benefited from productivity gains, those always accrue to the employer.
The wage growth before the 1970s was mostly from the postwar boom, before jobs started to be moved out of the country. After that there was downward pressure on wages.
Agreed, except that workers have never benefited from productivity gains, those always accrue to the employer.
The wage growth before the 1970s was mostly from the postwar boom, before jobs started to be moved out of the country. After that there was downward pressure on wages.