Ernie S.
Diamond Member
It's not minimum wage jobs that are responsible for an increase in productivity. A fry cook at Mickey D's is still putting out the same amount of fries. Increased productivity is due to management investing in technology that allows 1 worker to do what it used to take 6 to do.
Robots, computer controlled milling machines, plasma cutters computer animation software all cost big bucks but increase the productivity of the workers operating them.
The workers themselves have done nothing but learn a new skill. They don't expend more energy, don't perform a more dangerous function or work longer hours.
Thus they are worth only slightly more for their newly acquired skill.
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Robots, computer controlled milling machines, plasma cutters computer animation software all cost big bucks but increase the productivity of the workers operating them.
The workers themselves have done nothing but learn a new skill. They don't expend more energy, don't perform a more dangerous function or work longer hours.
Thus they are worth only slightly more for their newly acquired skill.
.