Re:White House announces 25 percent tariff on Chinese tech g...
by groby_b on Saturday June 16, 2018 @01:10AM
(#17325965)
To make a living wage work, we'll actually have to make sure some of the productivity improvements benefit workers. Productivity has grown 6x as fast[1] as pay.
It's not the workers who have to do something extra to justify what they're making.
Re:White House announces 25 percent tariff on Chinese tech g...
by scotty79 on Saturday June 16, 2018 @05:36AM
(#17326739)
Ok. So you invest and risk your capital to make your business better and that should somehow benefit people that you pay to do some stuff? People that you need less and less because that's mostly what raising productivity means?
I think the right way is sealing tax system to efficiently gather tax from businesses so that productivity gains can properly benefit everybody and just tax employees less if you want that gains to improve employees wellbeing. Or even subsidise poor people through income tax credit or basic income.
If I was a worker in a factory making things with physical labor, and I have a typical us standard of living, how can I do that more efficiently than someone in china, who gets paid less? I love craft beer, but it's a combination artistic and luxury product. It's not like making ball bearings. It has an aspect of knowing what the micro local market wants. It has a marketing and uniqueness possibly. On the other hand, no one is I know is making craftsman lumber to make houses out of (but they could I guess).