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Explain the lib talking point about productivity and wages to me
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Date: September 22nd, 2023 7:28 PM Author: translucent seedy mad-dog skullcap Libs like to point out, again and again, that labor productivity has increased faster than wages. But what point are they trying to make? Why is this effect, if true, unexpected or undesirable?
Labor productivity is just output per worker per hour. You can measure the "productivity" of any input in the same way, and for most inputs, no particularly tight relationship between productivity and cost is expected (and increases in productivity certainly wouldn't be expected to drive increases in cost).
For example, "productivity" can be measured for electricity -- output per input kwh. Increase in electricity "productivity", e.g., through capital investment in less energy intensive processes, is more like to be termed "efficiency", but it's the same thing.
Nobody would expect a producer to be willing to pay more per kwh simply on account of having invested in more energy efficient processes. The relationship is in fact reversed, with extrinsic increases in energy prices driving capital investment.
So what point are libs trying to make with respect to labor productivity? |
Date: September 22nd, 2023 7:32 PM Author: wonderful sadistic range sex offender The point they are trying to make is that increased worker productivity means that white heterosexual men should give more money to brown people, women, and Jews
No really I’m not being facetious that’s actually their entire point |
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Date: September 22nd, 2023 7:36 PM Author: black fanboi Since workers are being more productive but their wages aren't keeping pace, it means that the productivity gains are going to employers, and that's not fair. (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831822) |
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Date: September 22nd, 2023 7:43 PM Author: pearl sickened corn cake this. and while the argument has surface merit, there are multiple reasons it may completely fair (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831836) |
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Date: September 22nd, 2023 7:49 PM Author: concupiscible umber theater the argument for capitalism has always been that the benefits "trickle down". if thats no longer happening, the system is broken from the perspective of the workers. asking whether its "fair" to the oligarchs is missing the point. (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831857) |
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Date: September 23rd, 2023 12:46 AM Author: pearl sickened corn cake being more productive doesn't mean the workers are doing more work. therefore, why pay them more? being more productive doesn't mean the employer is making more money. other expenses could have gone up. etc etc etc |
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Date: September 23rd, 2023 10:10 AM Author: concupiscible umber theater "fairness" is kind of a retarded concept. economics has never been about "fairness". its about power dynamics and the workers have the power to overturn the entire system if they arent benefiting from it, which is why you should pay them more.
and obviously corporate profits are through the roof, which is another part of the point theyre making |
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Date: September 22nd, 2023 7:48 PM Author: translucent seedy mad-dog skullcap But "more productive" here just means that the producer needs less labor. There's no general intuition that it's fair for a producer to pay more for an input as it needs less of it. (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831853) |
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Date: September 22nd, 2023 8:26 PM Author: trip bearded shrine (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831957) |
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Date: September 23rd, 2023 12:49 AM Author: Orchid Domesticated Affirmative Action If productivity gains were due to increased education, training or skill, they would flow to employees.
If you just put a new better machine in front of the assemblyline worker that cost a million bucks, why should the productivity gains flow to the worker?
That is the fallacy. You have to look at what increased productivity, not just say "workers are more productive" |
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Date: September 23rd, 2023 10:15 AM Author: bateful chrome institution It’s this combined with GDP being fraud and inflated as fuck and has dead weight industries contributing more to it than actual productive ones like agriculture or mining or something
Actual worker productivity is highest in 3rd world countries with young workforces. You don’t give credit to the worker for the assembly line. The worker being Dumb is part of what necessitates assembly lines to begin with.
A Chinese Foxconn worker is productive as fuck but stats will tell you a liberal artist social media email girl in Manhattan is more productive. Econ is just liberal arts bullshit |
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Date: September 23rd, 2023 10:19 AM Author: concupiscible umber theater last sentence is correct (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46833140) |
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Date: September 22nd, 2023 7:39 PM Author: concupiscible umber theater oy vey! (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831829) |
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Date: September 22nd, 2023 7:41 PM Author: aqua floppy coffee pot (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831831) |
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Date: September 22nd, 2023 7:41 PM Author: Avocado electric tattoo this is why I tip my employer 15% every Christmas, just a little thank you for the efficiency-improving technologies they have blessed us with :) (http://www.autoadmit.com/thread.php?thread_id=5410994&forum_id=2#46831833) |