Every concerned politician and public watchdog should be talking about information like this:
Nationally, productivity is up 243 percent since 1948, but the wages of most private sector hourly employees are up only 109 percent.
Hourly production/nonsupervisory workers haven’t taken home much of the bacon from steady, spectacular increases in overall productivity.
I’m not saying that this is illegal or immoral, per se.
This is the thing: in general, the folks who are taking home the skinny paychecks don’t know it.
The folks who claim the mandate and the commitment to publicly care about stuff like this haven’t said much about it.
Where are the liberal politicians and the self-appointed watchdogs when we need them?
Another thing: what started happening in the 1970s? How did wage increases get disconnected from productivity increases?
Trying to figure that out is on my TO DO list.
Income inequality and wages