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Why your income/productivity is declining
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4/14/2014 6:09:24 AM
Posted: 2 years ago
A higher percent of the population in the US today works despite the job losses from our recession and our increasing retired population than worked at any point from 1947 to 1971. The average American works longer hours today than they did during that time as well. The average worker is better educated and 80% more productive per hour worked than they were in 1980. And yet, workers are losing income relative to their productivity, and income and wealth inequality are increasing.
This video explains some of the causes of those changes, and why the average worker today is working more for less pay than they were 50 years ago. https://www.youtube.com...