this post was submitted on 14 Jul 2023
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"Persistently low productivity" sounds a lot like a euphemism for "workers are lazy" but when the owning class want an ever increasing portion of the surplus value of labour, it shouldn't come as a surprise when nobody wants to perform said labour.
They could try paying people decent wages, which have been stagnating for 35 years. Maybe then they'll be more motivated to be more productive.
In fairness, incomes have been stagnant since the dawn of time. Wages only saw a period of growth because wages were only invented a couple of hundred years ago. Selling time is a product of industrialization. Before that, people only sold things. Now that the vast majority of the population only sells their time, there is nowhere left for wages to go.
During the transition, if 90% of your income is from selling things and 10% selling your time the first year, 50% selling things and 50% selling your time the next year, and 100% selling your time in the third year β there's your wage growth. 900% growth in just three years! How wonderful! Except your income didn't change, so...
Such worthless pedantry.