Re:If pay had kept pace with productivity gains, minimum wag...
by dcolkitt on Friday October 09, 2020 @03:41PM
(#24733632)
Yeah, I actually agree. But the article is directly citing productivity, which by definition is the average economic output per hour worked.
It's fine if you want to focus on median wages, but at the same time you need to compare against the median worker's economic output- not aggregate productivity. Otherwise you're just comparing apples to oranges.
It's fine if you want to focus on median wages, but at the same time you need to compare against the median worker's economic output- not aggregate productivity. Otherwise you're just comparing apples to oranges.