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.
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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…