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Had we continued to get our fair share of productivity gains, the average American non-supervisory production wage would be $1,249 per week in 2014.
Workers have been denied their rightful share of productivity gains.
This means that the rich have been creaming off a giant share of productivity growth.
To assign meaningful weightings for other categories the share of productivity was limited to 50%.
The share of productivity gains going to workers has fallen since the 1990s, thanks to rapid, labour-saving technological progress.
An infrastructure program would help, but our economic problems will not be solved until labor receives its fair share of productivity increases.
Similar(45)
In fact, the early adopters in the automotive supply chain are already using their IIoT enabled data sharing of productivity and quality as a differentiator to garner more business from ODMs.
Second, net firm entry itself accounts for a large share of national productivity growth, so higher levels of entrepreneurship may be short-term productivity-enhancing (Lewis 2012).
The implicit bargain that gave workers a steady share of the productivity gains has unraveled.
Further, workers must receive a consistent share of those productivity gains, rather than seeing their share decline.
The wage distribution has become considerably more unequal over the last 30 years, with top earners capturing a large share of overall productivity gains.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com