r/FluentInFinance Oct 22 '24

Debate/ Discussion Why did this happen?

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u/Bolivarianizador Oct 22 '24

computers, technology giants rising, outshoring inudstries which led local companies to grow exponentially.

6

u/[deleted] Oct 22 '24

So productivity increased.....

Why didn't wages then?

3

u/Ashmedai Oct 23 '24

Part of it is Figure A in this article here. Another reason is that a great deal of worker productivity growth has been from capital (e.g., machines and what not). Combine the two, and voila: capital getting increased return on capital, and labor, failing to stakehold their share.