thereisnospoon
Gold Member
Real compensation for workers has stagnated, while the value of their output grows.
Workers, in other words, work harder for less, while the rich get even richer.[/QUOTE
No..That is not what it means.
It means businesses in the effort to remain profitable in the face of global competition have found ways to operate more efficiently and reduce labor costs.
You people on the left view employment as an entitlement. You believe business exists to create jobs for you.
The primary function of a business is to turn a profit for the owners and/or investors.
This and other pay vs productivity charts do no tell the whole story.
It does not show how illegal immigration( favored by liberals and unions) has dragged down the overall salary and wage structure of the country. Especially in unskilled and semi-skilled work. Those charts also do not show the productivity of salaried employees.
Employment is all about value. The function of an employee is to help the employer earn a profit for his business. That profit also helps the employer PAY those wages.
So if an employee's work increases in value, of course the business owner will be happy. He may even have money to grow the business so the employees there can make higher earnings.
Gee what a novel idea.