Quote:
Originally Posted by GrantMercury
You're too dumb to get the point, apparently. The powers that be thank god for your lack of reasoning.
The point is, if the minimum wage had risen at the same rate as worker productivity it would be a hell of a lot higher than it is now. Productivity is way up. Corporate profits are way up. Corporate America has billions and they're largely sitting on it. The workers are not benefiting from this rise in productivity and profits. Who is?
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I think you are misunderstanding what "worker productivity" is... it's simply "output"/worker... so for example: lets say a business produces 1000 widgets/year and employs 10 people then productivity = 100 widgets/person/year
now lets say, the employer invests his hard earned $$ to buy a newer/better machine, with this machine output doubles to 2000/year... so productivity jumps to 200...
so with the logic that Elizabeth Warren proposed, the worker should now be paid double? that's ridiculous...
