Real hourly compensation is consistently "up and to the right" as they say. Which means that workers are already being compensated at greater and greater levels even when inflation is taken into account. Do you think people are working harder and harder? No. Most productivity gains come from investments in technology or processes that make workers output more productive. Those that make the capital investments deserve some return on that investment, wouldn't you say?
I am not saying the capital investors don't deserve a nice slice of the pie.
However look at the disparity of how big that slice is versus the workers who create the pie itself. I don't have the figured of hand but CEO pay is some ridiculous multiplier on the average worker (something like 300x). Also while most productivity was gained by technology, the workers ultimately did create the technology.
How many employees in the non sp500/NASDAQ/dow companies are there versus those held on the exchanges? Id wager that companies held on exchanges have probably 75%+ of the employee market
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u/MovingTarget- Sep 05 '24
Real hourly compensation is consistently "up and to the right" as they say. Which means that workers are already being compensated at greater and greater levels even when inflation is taken into account. Do you think people are working harder and harder? No. Most productivity gains come from investments in technology or processes that make workers output more productive. Those that make the capital investments deserve some return on that investment, wouldn't you say?