Re:Worker pay isn’t keeping up with inflation
by Retric on Friday December 17, 2021 @01:17PM
(#29596004)
Global GDP is irrelevant for US workers, the value of US exports has grown even as wages stagnated. At some point it just stops being about how much value is produced and becomes a question of how much value is captured.
If a factory produces 10x as many goods with the same number of workers the work those people are doing has increased in value. But, their unlikely to see a 10x wage increase.
If a factory produces 10x as many goods with the same number of workers the work those people are doing has increased in value. But, their unlikely to see a 10x wage increase.