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Old 03-20-2013, 03:58 PM   #16
FishingRod FishingRod is offline
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Quote:
Originally Posted by FD View Post
It seems like she is just asking why entry level wages have failed to keep up with labor productivity. In theory, wages should track labor productivity perfectly, and they have until about 30 years ago when they began to lag behind.

Its an important and interesting question and its far from settled. I suspect I would come to a different conclusion than her as to the answer, but pasting her question out of context and giving a misleading headline doesn't really get you anywhere.
With the computerization and mechanization over that time we have fewer people being more productive. Perhaps a simpler question would be how has the minimum wage risen in comparison to the cost of living?
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