>>60903346
>What's happened to virtually every increase in productivity since say the 70's
Statistics hide the truth.
First, the increase in productivity did not extend to every field. We had a lot of innovation in tech and IT, which was returned to workers in the form of higher paying jobs and ever-cheaper electronic products. But in just about every other sector, we've had decreasing productivity. This is most obvious in construction.
Second, a lot of the productivity got shipped off, or siphoned away through regulations and higher costs for keeping employees. I don't want to get more specific, because this is one of those discussions where ideologically landlocked people will get very emotional about. But anyone who works on an hour wage can take a look at the line items on their checks, and think about how much those things have grown in cost for the employer.
Third, we had a huge increase in the bloat class. This is both at work, and just nationally/socially speaking. Same as above, if I get more detailed, there will be angry pushback from the bloat.
Fourth, and this is a problem I alluded to in the earlier post, a lot of the innovation was in things that aren't all that important to the greater masses relatively speaking, like financial instruments. They create profits, but not actually value.
These things don't affect the top minority. They affect the bottom majority.
