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(lemmy.ml)
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this post was submitted on 11 Oct 2023
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No one expects 100% return for labor. They expect fair pay for fair work. The fact is that employee wages have been flat or declining for 50yrs, while productivity has more than doubled and profits gave gone up 5x. Companies are getting 10x out of their workers then they were in the 70s, and paying everyone less.
If the wage line kept going up with the productivity and profit line, people would be chill. When profits go up 23%, exec comp goes up 230% and worker wages go up 2.3%, thats the problem.
I agree with you but I have also seen the prices of the housing market rise while interest rates went down.
Wages can rise or products can become cheaper.
Problem is that resources become scarce. Things out of plastic are cheap. Things out of wood have become much more expensive.