Increased productivity with the same proportional returns to capital = increased wages.
Then how do you account for the fact that the introduction of a union into a corporate enviroment generally leads to higher wages with less productivity?
Immie
Actually the opposite is true.
www.askneca.com/unionadvantage/Electrical - Biz Plan (2).pdf
^Unionized construction business are 17% more efficient.
http://www.oliverwyman.com/content_images/OW_EN_Automotive_Press_2008_HarbourMedia08.pdf
Union Car plants had:
1) 70% of the most efficient assembly plants.
2) All 10 of the most productive plants are union plants.
3) 70% of the most efficient engine plants
4) 80% of the most efficient transmission plants.
5) Union plants assembled their vehicles in fewer hours in 11 of the 12 product categories. Union plants productivity:
1) Small cars was 32% higher.
2) Mid-sized cars was 13% higher.
3) Pickups were 40% higher.
In business, efficiency is not measured in widgets per hour, but in widgets per dollar.