Hmm. Production and nonsupervisory employees are 70% of the US workforce. If we adjust their avg wages by productivity and inflation, this is what we get: a 42% reduction in real, productivity-adjusted wages since 1987. https://fred.stlouisfed.org/graph/fredgraph.png?g=qbYx … According to the Federal Reserve.
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Replying to @DeltaV_ @BadEconTakes
Wow this is a bad econ take too
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Replying to @DeltaV_ @BadEconTakes
"Productivity-adjusted wages" is not a thing
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Replying to @Noahpinion @BadEconTakes
Because productivity and wages have nothing to do with each other. I think you just made Sanders' point.
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Replying to @DeltaV_1 reply 0 retweets 18 likes
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Replying to @Noahpinion @BadEconTakes
I can learn. Educate me. Why are productivity and wages disconnected?pic.twitter.com/o6iuFrEfRs
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you're the one who came up with "adjusting wages by productivity." This isn't a thing. The onus is on you to explain it.
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Replying to @red_boxer0 @DeltaV_ and
I can explain it. If output of work per dollar rises but real median wage of non-supervisory and production employee falls, we can say that productivity gains are being captured mostly by managers and owners rather than workers, which is sanders’ point.
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Replying to @Molson_Hart @red_boxer0 and
But real median wages didn't fall...
1 reply 0 retweets 0 likes
stagnant though right?
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Replying to @Molson_Hart @red_boxer0 and
The chart is in the original tweet. Didn't you see it?
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Replying to @Alex__Pitti @red_boxer0 and
I was talking about non supervisory workers
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