Re:Wage Stagnation
by conanbatt on Thursday February 28, 2019 @12:39PM
(#19273201)
Sorry there is a huge causal relationship if not the only reason. Wealth is not relative dollars but purchasing power. In a system where a hat maker and a shoe maker double their production, they respectively see no "wage increase" but they are both twice as rich.
Productivity -> more goods/services -> richer society, wages be damned.
Productivity -> more goods/services -> richer society, wages be damned.