this post was submitted on 07 Nov 2023
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I do believe productivity has increased quite a bit more than wages, but that makes sense if you think about it. Productivity gains in the last few decades are not due to workers getting more skilled or working harder (which may still be a factor), they're because of technology, automation, information science, and global trade networks. If my boss upgrades my computer such that I can produce things twice as fast, why should I get paid more?