> You built an automated factory by accruing profits originally from workers
Did you? If the workers bought the factory, how are you involved? Didn't you enable them too?
Yes, workers with increased productivity almost always get paid more.
That's very clearly untrue. There are plenty of studies showing this is not the case.
Almost all workers are significantly more productive but wages have remained flat for a long time.
Mean productivity has increased while median wages have stayed flat. What people think is a story about wages decoupling from productivity is actually a story about the variation of productivity among workers getting higher.
You can tell this is true because labor's share of income (vs capital's share) has remained fairly constant. It's the distribution of this share between different workers that has changed.
Do you have any examples of these jobs that are now more vs less productive? I'd say the average Starbucks / fast food worker are significantly more productive while making less comparatively.
Labor's share of income vs capital's has not remained constant. Not even close.
Labor's share of income vs capital's has not remained constant. Not even close.
Sure it has:
No, it hasn't. Tax foundation is a conservative think tank, they're not a trustworthy source for this info.
https://fred.stlouisfed.org/series/W270RE1A156NBEA
Every time I engage with a libertarian (always a pointless endeavor) I feel like I have to take a shower after. Just.. ugh.
You specifically didn't do much. Your workers did. If they make you rich and lose their jobs in the process, you pay them back.