Re:Dow plunges 1000 points
by cmontella on Monday February 05, 2018 @09:53PM
(#16314102)
And #1 has been happening for decades, yet wages have stagnated. So the conclusion is workers can't win?
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1. Many of those productivity gains happen via outsourcing work to countries where wages are much lower.
2. Many consumer goods have become cheaper as a result. The biggest ones, though (Rent, education, healthcare) have not. Incidentally, none of them can benefit from 'productivity gains.' Well, healthcare can, but...