Comment by foltik
7 hours ago
Look at the macro data. The overall median wage for all American workers combined has also drastically lagged behind economic productivity since the 70s.
7 hours ago
Look at the macro data. The overall median wage for all American workers combined has also drastically lagged behind economic productivity since the 70s.
It doesn’t make sense to talk about “economic productivity” as a single number. Productivity growth has been massively different for different jobs. For example, there has been zero productivity growth in food service from 1970 to present. So you’d need to look at wages by sector compared to productivity growth in that sector.