> So the basic question is: why are wages stagnating in the face of increased productivity?
Wages are set by what people are willing to accept when compared with what people are willing to pay to perform a function. Wages really aren't related to productivity, except that increased productivity limits the number of hires.
In the same way that you most likely don't share all your income with others, employers do not share all their income with workers.
Wages are set by what people are willing to accept when compared with what people are willing to pay to perform a function. Wages really aren't related to productivity, except that increased productivity limits the number of hires.
In the same way that you most likely don't share all your income with others, employers do not share all their income with workers.