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.
Almost all workers are significantly more productive but wages have remained flat for a long time.