Anyone have an idea on what policy changes have lead to capital becoming more productive than wages? This is a very troubling situation. Labour drives the economy, not capital.
This is capitalism working as intended.
Won’t be any different than the US at some point. If this keeps going being homeless will be the norm and having an apartment or house will be a luxury for the upper class. The more we go the less food and other basic necessities I can buy.
Keep letting cooperate owners buy more houses and not let a middle class grow.
“The payment of five dollars a day for an eight-hour day was one of the finest cost-cutting moves we ever made." This quote indicates that Henry Ford saw the wage increase as a strategic business decision. It benefited the company by reducing labor turnover, improving efficiency, and potentially creating a new market of consumers for his cars. The $5-a-day wage was groundbreaking and significantly above the industry average.
I bet a tax cut for the rich would finally kick trickle down economics into gear.
Ya, I know…