If pay had kept pace with productivity gains, minimum wage would be $24 an hour

Re:If pay had kept pace with productivity gains, minimum wag... by ahoy on Friday October 09, 2020 @02:19PM (#24732793)

I don't think "this is fine because capitalism privileges capitalists by design" is the rebuttal you think it is.

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Re:If pay had kept pace with productivity gains, minimum wag... by idrios on Friday October 09, 2020 @02:23PM (#24732819)

I think he was just saying "this is what's expected" not "this is fine"

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Re:If pay had kept pace with productivity gains, minimum wag... by qeternity on Friday October 09, 2020 @05:43PM (#24734737)

Yes, bummed I had to scroll to end of comments for someone who gets it. Society can change the contract we all abide by. But as it stands right now, this is working as intended. And living standards of the bottom 10% versus 100 years ago are unimaginably better off, which is what we sought a century ago: absolute improvements.

Now everybody is rich enough that we can afford to debate the relativism of the capitalist social contract...but that’s only thanks to the advancements brought about in the first place.

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Re:If pay had kept pace with productivity gains, minimum wag... by chordalkeyboard on Friday October 09, 2020 @05:21PM (#24734573)

It's not "by design" but rather an emergent property of an economy.

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