> Because wages are tied to supply and demand, not productivity. Increased productivity will rather lower wages.
You ever notice how right-wingers dismiss economic statistics quasi-scholastic talking points, and never show you numbers?
You ever notice how right-wingers dismiss economic statistics quasi-scholastic talking points, and never show you numbers?
The answer is, an employer will only pay as much as necessary, even if workers become more productive. That's just common sense.
An increase in productivity correlates with an increase in wages only if market demand supports it. An increase in productivity combined with stagnant demand will reduce the amount of labor required, increasing the supply of labor, lowering its price. Is that not obvious?