Btw, I just accidentally hit the edit button on ish’s post a few up. I don’t think I screwed anything up but I wanted to let everyone know that I accidentally hit it.
That’s part of the reason everything feels so expensive now. In truth it’s not much more expensive than it was back in the 60s adjusting for inflation. It’s just that wages haven’t kept pace.
As for the solution, I have no idea. I don’t think any government program could solve the issue.
Are people working harder?
Or are they working with improved infrastructure and tools that increase productivity?
I think it would be great if labor received the benefit of improved productivity. Count me in. But then where is the incentive for the robber barons to invest in improved infrastructure and tools?
“Real average hourly earnings were unchanged, seasonally adjusted, from June 2017 to June 2018. Real
average hourly earnings combined with a 0.3-percent increase in the average workweek resulted in a
0.2-percent increase in real average weekly earnings over this period.”
Being a populist, I might surprise some of you libs with my view on corporate profits. But not so much that I would advocate a system that removes the incentives that capitalists have for improving productivity. It does not come from whips and tortured hours. With some exceptions (which libs will be sure to post) it comes from improved tools and infrastructure. And they bring along improved working conditions for the workers.
The real problem is the investors in residential properties…driving up the price of what was once considered the measure of success… one’s own home.