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Why haven't increases in productivity lead to increases in wage?
10 Answers
- Anonymous3 weeks ago
Corporate america thinks greed is good . Meanwhile americans still believe having a free for all society is great so it will only get worse from now on
- 3 weeks ago
Because they have. Consumer durables, which include microwaves, fridges, and televisions have become cheaper in the past 40 years. The reduction in price occurs at a higher rate than inflation, therefore one working at a minimum wage could own a larger amount of said goods. It might look stagnant on paper, but the comparative cost of most goods means that one is becoming truly richer.
- ?Lv 63 weeks ago
North American economy is based on prices for goods from China and 3rd world countries.
- garryLv 63 weeks ago
what are you paid for , work or stand around doing nothing , you should try the unemployment line .
- 3 weeks ago
Corporate America is ridiculously greedy, and they buy the politicians you vote for to make sure the only thing extra they have to pay you is no damned mind.
- Anonymous3 weeks ago
Rich bosses took it all to increase THEIR already famously disproportionate income.
- Uncle PennybagsLv 73 weeks ago
We were actually seeing that in the Trump years before COVID hit.
Lower-income workers were actually receiving larger raises than their bosses under President Trump's economic and tax policies.
See the links.
Source(s): https://www.cbsnews.com/news/low-wage-workers-are-... https://www.cnbc.com/2019/03/13/workers-at-lower-e...