I can't help but think of the productivity-pay chart[1] and think, "meh."
> Data are for compensation (wages and benefits) of production/nonsupervisory workers in the private sector and net productivity of the total economy.
Why pay more when a machine can do the same cheaper ? Its pure capitalism.
For sure some of it. As well as education of the workforce and the changing nature of work.
Either way, the reality is that the benefits have largely gone to capital, rather than labor. And that’s just how the system works, which is why strong unions are important.
Why work more when the pay is the same? Its pure capitalism.
Why work harder when the gains are captured by the owner of the machine? It's not like the owner is working harder, the machine is performing the labor, right?